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
https://payrollheaven.com/define/discount-received/
Modern Language Association (MLA):
Discount Received. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 22, 2019 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: July 22, 2019).
American Psychological Association (APA):
Discount Received. PayrollHeaven.com. Retrieved July 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/discount-received/

Definition Sources


Definitions for Discount Received are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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