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to deduct a certain amount from (a bill, charge, etc.):
All bills that are paid promptly will be discounted at two percent.
to offer for sale or sell at a reduced price:
The store discounted all clothing for the sale.
to advance or lend money with deduction of interest on (commercial paper not immediately payable).
to purchase or sell (a bill or note) before maturity at a reduction based on the interest for the time it still has to run.
to leave out of account; disregard:
Even if we discount the irrelevant material, the thesis remains mediocre.
to allow for exaggeration in (a statement, opinion, etc.):
Knowing his political bias they discounted most of his story.
to take into account in advance, often so as to diminish the effect of:
They had discounted the effect of a decline in the stock market.
to advance or lend money after deduction of interest.
to offer goods or services at a reduced price.
the act or an instance of discounting.
an amount deducted from the usual list price.
any deduction from the nominal value.
a payment of interest in advance upon a loan of money.
the amount of interest obtained by one who discounts.
an allowance made for exaggeration or bias, as in a report, story, etc.:
Even after all the discounts are taken, his story sounds phony.
selling or offered at less than the usual or established price:
discount theater tickets.
selling goods at a discount:
a discount drugstore.
at a discount,

Commerce. below par.
below the usual list price.
in low esteem or regard:
His excuses were taken at a discount by all who knew him.
not in demand; unwanted:
Such ancient superstitions are at a discount in a civilized society.

Contemporary Examples

So we would not discount that there is a future in the Alicia-Finn relationship.
‘The Good Wife’ Creators on the Premiere’s Big Cary Twist, Will’s Death, and More Kevin Fallon September 21, 2014

But even when the university offered to sell them at as much as a 35 percent discount, it found no buyers.
The Man Who Gutted the Ivy League Edward Jay Epstein March 27, 2009

Amazon’s Kindle Store previously sold e-books at a discount in the same manner that it sells physical books.
5 Secrets of the iPad Nicholas Ciarelli April 3, 2010

She negotiated a 50 percent discount, buying the two works for $60 total.
Banksy’s Biggest Trick Yet: Selling His Art on the Street for $60 Isabel Wilkinson October 13, 2013

There has been a swift and concerted effort to discount rumors that multiple soldiers were involved.
Human-Rights Toll of U.S. Shooting in Afghanistan Heather Barr March 14, 2012

Historical Examples

With this just estimate of himself—and with the promise of a discount on Thompson’s car—he returned to his office in triumph.
Babbitt Sinclair Lewis

Social reformers are not in request there, however, and morality is at a discount.
The Captain of the Pole-Star and Other Tales Arthur Conan Doyle

We must discount by recorded facts the impression which might prim facie be left by these sweeping denunciations.
The Expositor’s Bible: The First Book of Kings F. W. Farrar

Gold is also rising, and the Bank discount goes daily higher.
That Boy Of Norcott’s Charles James Lever

The paper of the Bank of Kentucky was at a discount, and there was no hope of its improving.
The History of Louisville, from the Earliest Settlement till the Year 1852 Ben Casseday

verb (mainly transitive) (dɪsˈkaʊnt; ˈdɪskaʊnt)
to leave out of account as being unreliable, prejudiced, or irrelevant
to anticipate and make allowance for, often so as to diminish the effect of

to deduct (a specified amount or percentage) from the usual price, cost, etc
to reduce (the regular price, cost, etc) by a stated percentage or amount

to sell or offer for sale at a reduced price
to buy or sell (a bill of exchange, etc) before maturity, with a deduction for interest determined by the time to maturity and also by risk
(also intransitive) to loan money on (a negotiable instrument that is not immediately payable) with a deduction for interest determined by risk and time to maturity
noun (ˈdɪskaʊnt)
a deduction from the full amount of a price or debt, as in return for prompt payment or to a special group of customers See also cash discount, trade discount
Also called discount rate

the amount of interest deducted in the purchase or sale of or the loan of money on unmatured negotiable instruments
the rate of interest deducted

(in the issue of shares) a percentage deducted from the par value to give a reduced amount payable by subscribers
the amount by which the par value of something, esp shares, exceeds its market value Compare premium (sense 3)

the act or an instance of discounting a negotiable instrument
at a discount

below the regular price
(of share values) below par
held in low regard; not sought after or valued

(modifier) offering or selling at reduced prices: a discount shop
n.

1620s, “abatement,” alteration of 16c. French descompte, from Medieval Latin discomputus (source of Italian disconto), from discomputare (see discount (v.)). Meaning “deduction for early payment” is from 1680s; meaning “reduction in the price of goods” attested by 1837.
v.

1620s, “reckon as an abatement or deduction,” from Old French desconter (13c., Modern French décompter), from Medieval Latin discomputare, from dis- (see dis-) + computare “to count” (see count (v.)). Hence, “to abate, deduct” (1650s), and figurative sense “to leave out of account, disregard” (1702). Related: Discounted; discounting.
see: at a discount