time discount

noun

1. a discount allowed for payment of an invoice or bill before it falls due.

Example Sentences

Time-discount, as will be more fully explained, is the basis of interest.

From Project Gutenberg

We have here, however, a principle different from the principle of time discount.

From Project Gutenberg

Whatever the rate of time discount prevailing, rents infinitely distant become infinitesimally small when discount is compounded.

From Project Gutenberg

Time-discount is involved in goods, however, in numberless cases where there is no contract interest.

From Project Gutenberg

There is thus a close relation between saving and the rate of time-discount.

From Project Gutenberg