Discount Received

Business, Legal & 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.

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
Modern Language Association (MLA):
Discount Received. Payroll & Accounting Heaven Ltd. July 14, 2020
Chicago Manual of Style (CMS):
Discount Received. Payroll & Accounting Heaven Ltd. (accessed: July 14, 2020).
American Psychological Association (APA):
Discount Received. Retrieved July 14, 2020, from website:

Definition Sources

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

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

This glossary post was last updated: 10th August, 2019 | 60 Views.