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Discount Purchasing Like any other word or phrase there are different meanings and sayings With the word discount there are several meanings for just one word So to start our research project we are going to provide you with a definition describing the different meanings of the word discount First we will start with the word discount in the commerce sense Discount in commerce deduction from the price of a commodity Discounts are usually made in consideration of payment within a specified time limit Quantity discounts are given to purchasers or large quantities Trade discounts are given to wholesalers and other trade groups to cover the cost of performing specific functions such as warehousing and merchandising There are always two sides to everything so now here is the term discount in a definition in a finance sense In finance discounts are premiums or considerations given on the purchase of promissory notes bills of exchange or other forms of negotiable commercial paper in advance of their maturity dates Such discounts make up deductions from the face value of the discounted paper and are made at the time of the purchase So what is the real difference between discounts in commerce and discounts in finance My perception of the two is that discounts in the commerce definition has more to do with the consumer and has nothing to do with the business end of things The finance definition has more to do with the business end of things it is associated more with companies doing business with each other rather then with the consumer Consequently what does this mean to the consumer in the long run In my personal opinion not to much This has been going on for years and has never really posed a problem to consumers before other then the discount stores are become a thing of the future and are constantly growing Thus fazing out the smaller
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