Discount vs Refund - What's the difference?

As verbs the difference between discount and refund

is that discount is to deduct from an account, debt, charge, and the like; to make an abatement of while refund is to return (money) to (someone); to reimburse.

As nouns the difference between discount and refund

is that discount is a reduction in price while refund is an amount of money returned.

As an adjective discount

is of goods, available at reduced prices; discounted.

discount

English

(wikipedia discount) (Webster 1913)

Verb

(en verb)

To deduct from an account, debt, charge, and the like; to make an abatement of.

Merchants sometimes discount five or six per cent for prompt payment of bills.

To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.

* Walsh

Discount only unexceptionable paper.

To take into consideration beforehand; to anticipate and form conclusions concerning (an event).

To leave out of account; to take no notice of.

* Sir William Hamilton

Of the three opinions, (I discount Brown's), under this head, one supposes that the law of Causality is a positive affirmation, and a primary fact of thought, incapable of all further analysis.

:They discounted his comments.

To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.

Noun

(en noun)

A reduction in price.

A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.

The rate of interest charged in discounting.

Synonyms

* (reduction in price) rebate, reduction

Antonyms

* surcharge

Derived terms

* quantity discount * rediscount * seasonal discount

Descendants

* German:

Adjective

(-)

Of goods, available at reduced prices; discounted.

This store specializes in discount wares.

Of a store, specializing in goods at reduced prices.

If you're looking for cheap clothes, there's a discount clothier around the corner.

External links

* * *

Anagrams

* English heteronyms ----

refund

English

Verb

(en verb)

To return (money) to (someone); to reimburse.

A governor, that had pillaged the people, was sentenced to refund what he had wrongfully taken. — L'Estrange.

If you find this computer for sale anywhere at a lower price, we'll refund you the difference.

(obsolete) To supply again with funds.

to refund a railroad loan

(obsolete, rare) To pour back.

Were the humours of the eye tinctured with any colour, they would refund that colour upon the object. — Ray.

Noun

(en noun)

An amount of money returned.

If the camera is faulty, you can return it to the store where you bought it for a refund.

Anagrams

* English heteronyms