cash discount

(redirected from Discounts and allowances)
Also found in: Thesaurus, Financial, Encyclopedia, Wikipedia.

cash discount

n.
A reduction in the price of an item for sale allowed if payment is made within a stipulated period.

cash discount

or

cash reduction

n
(Commerce) a discount granted to a purchaser who pays before a stipulated date

cash′ dis′count


n.
discount allowed a buyer from the amount due if paid within a specified period.
[1915–20]
Translations

cash discount

nsconto contanti
Mentioned in ?
References in periodicals archive ?
This item discusses the IRS's views on inventory issues, including purchased and produced goods pooling under the LIFO inventory price-index computation (IPIC) method, maintaining required inventory records and reporting trade discounts and allowances.
After deducting discounts and allowances, net sales are expected to be approximately $40.
More than 40 percent of all money recovered in 1996 had been lost because companies, for various reasons, did not take vendor discounts and allowances to which they were entitled.