The author pointed out that the legal nature of note discount should be the two parties' legal act of bill right transfer by analyzing defects of "the loan doctrine" and "the note act doctrine".

作者通过分析“贷款说”和“票据行为说”的缺陷，指出票据贴现的法律性质应该为票据权利转让的双方法律行为。

youdao

Deep discount bond note: bond with relatively low-coupon rate of interest offered with a discount in excess of what can normally be treated as capital gain by the investor.

按较大折扣发行的债券，大幅折价债券：这类债券通常利率较低，发行时的折扣率超过投资者一般所认为的资本收益。

youdao

When bill discount, the bank presses fixed interest rate from bill expire deduct in the value come from loan day of note maturity should plan accrual, pay the person that oppose a bill more than.

票据贴现时，银行按一定的利率从票据的到期值中扣除自借款日至票据到期日的应计利息，将余款付给持票人。

youdao

So Boston money was probably pretty good because of the Suffolk System but if you tried spending New York money in New Haven Band Note Reporter they would get out the Bank Note Reporter and put a discount on it.

所以，尽管由于Suffolk系统使,波士顿货币很值钱,但是如果你试图,在纽黑文花纽约纸币,他们将拿出,并且折换纸币的价值。

耶鲁公开课 - 金融市场课程节选

And one other note to etailers: discount codes are not a great standalone strategy.

FORBES: Online Retailers: Fixing Shopping Cart Abandonment

And note that the Invesco fund trades at a 15.6% discount to net asset value, taking some of the sting out of its higher expenses.

FORBES: Genes, Drugs And Demographics

While there are certainly some high-end models, such as the new phone-tablet hybrid Samsung Galaxy Note, Android also runs on cheaper, less-advanced phones and on discount carriers instead of the handful of Apple-approved networks that the iPhone can access.

CNN: iPhone snobbery greets Instagram's Android app