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.

What is the dictionary definition of Discount Received?

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Full Definition of Discount Received


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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
Modern Language Association (MLA):
Discount Received. Payroll & Accounting Heaven Ltd. November 19, 2019
Chicago Manual of Style (CMS):
Discount Received. Payroll & Accounting Heaven Ltd. (accessed: November 19, 2019).
American Psychological Association (APA):
Discount Received. Retrieved November 19, 2019, from website:

Definition Sources

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