time discount

American  

noun

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

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Example Sentences

At the time, discount supermarkets were on the rise as the country suffered from high unemployment and high inflation due to a 16-month-long recession.

From Salon • Feb. 20, 2023

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

From The Value of Money by Anderson, Benjamin M.