In plain English
It shows that less than the normal price is being charged for goods or services. The reduction can be expressed as a fixed amount or as a percentage.
In context
Here, "discount" labels the amount or percentage that reduces the bill total from the usual price.
- Situation
- Understanding invoices, billing statements, balances, due dates, credits, and receipts
- What it communicates
- labels a reduction applied to the bill total
Meaning limits
The term alone does not say why the price was reduced or how the reduction was determined.
Examples
“The sofa was marked down from £600 to £540, a £60 discount.”
“At the till, the cashier applied the discount before reading out the total.”