 | William Davis (B.A.) - 1883 - 44 pages
...10 per cent. per annum additional on the ready money selling price. Find the selling price per lb. Discount is an allowance made for the payment of a debt before it is duo; and what remains after the deduction has been made is called the present worth. Rule to find true... | |
 | Colin Arrott R. Browning - 1884 - 274 pages
...the sum which, put out to interest for that time, would amount to the debt then due. Discount is the allowance made for the payment of a debt before it is due ; and is the simple interest of the present worth of the debt, calculated from the present time to... | |
 | Christian Brothers - Arithmetic - 1888 - 484 pages
...2, $3000 ; Nov. 20, $2000 ; Feb. 1, 1871, $100. What was due June 2, 1871, at 1% ? V DISCOUNT. 109. Discount is an allowance made for the payment of a debt before it is due. 110. The Present Worth of a debt payable at a future time without interest, is such a sum as being... | |
 | Charles Austin Hobbs - Arithmetic - 1889 - 366 pages
...payable annually at 4J%, when no interest has been paid. TRUE DISCOUNT. 138. Discount is a deduction made for the payment of a debt before it is due. The present worth of any sum of money due at a future time without interest, is that sum which put at interest for the given... | |
 | Louis Lafayette Williams - Bookkeeping - 1890 - 294 pages
...INTEREST AND DISCOUNT. "Interest is the compensation allowed for the use of money. " Discount is the allowance made for the payment of a debt before it is due. BULK 'Debit Interest and Discount when allowed to ithers. "" 'Credit Interest and Discount when allowed... | |
 | Charles W. Childs - Accounting - 1888 - 166 pages
...when allowed to us. Interest is the compensation allowed for the use of money; and discount is the allowance made for the payment of a debt before it is due. "When we allow or pay for the use of money, we debit Interest for the use of the money which we receive,... | |
 | Horatio Nelson Robinson - Arithmetic - 1892 - 428 pages
...interest at 5% ? Ans. 7 years. FRAC. AR. — 19 TRUE DISCOUNT. 320. True Discount is an abatement or allowance made for the payment of a debt before it is due. 321. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being... | |
 | Horatio Nelson Robinson - Arithmetic - 1892 - 428 pages
...$122.13, compound interest at 5%? Ans. 7 years. TRUE DISCOUNT. 320. True Discount is an abatement or allowance made for the payment of a debt before it is due. 321. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being... | |
 | Asa Hollister Craig - Examinations - 1897 - 538 pages
...added. 133. Divide the given interest by the interest on $1 for the given time at the given rate. 138. Discount is an allowance made for the payment of a...before it is due. The present worth of a debt is such a Bum which, being put at legal interest, would amount to the debt when due. It is found by dividing... | |
 | Horatio Nelson Robinson - Arithmetic - 1895 - 526 pages
...OT.76 Amount due Jan. 10. 1S95 $1214.25 An». TRUE DISCOUNT. 655. True Discount is an abatement or allowance made for the payment of a debt before it is due. 656. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being... | |
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DISCOUNT is an abatement or deduction made for the. payment of a debt before it is due. The PRESENT WORTH of a debt, payable at a future time without interest, is... 
