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Discount
(1) The amount a price would be reduced to purchase a commodity of lesser grade; (2) sometimes used to refer to the price differences between futures of different delivery months, as in the phrase "July at a discount to May," indicating that the price for the July futures is lower than that of May.
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- Part of Speech: noun
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- Blossary:
- Industry/Domain: Financial services
- Category: Commodity exchange
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