Define: Discount Received

UK Accounting Glossary

Definition: Discount Received


Quick Summary of Discount Received


A supplier of goods or services allows a business to deduct an amount called a discount, for prompt payment of an invoiced amount. The discount is often expressed a percentage of the invoiced amount.



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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/discount-received/
Modern Language Association (MLA):
Discount Received. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 29, 2020 https://payrollheaven.com/define/discount-received/.
Chicago Manual of Style (CMS):
Discount Received. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/discount-received/ (accessed: February 29, 2020).
American Psychological Association (APA):
Discount Received. PayrollHeaven.com. Retrieved February 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/discount-received/

Definition Sources


Definitions for Discount Received are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.