Definition of discount verb from the Oxford Advanced American Dictionary

     

    discount

     verb
    verbVerb Forms present simple I / you / we / they discount
     
    ,
     
    he / she / it discounts
     
    ,
     
    past simple discounted
     
    ,
     
    -ing form discounting
     
    ,
     
     
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  1. 1
    NAmE//dɪsˈkaʊnt//
     
    (formal) to think or say that something is not important or not true synonym dismiss discount something We cannot discount the possibility of further strikes. discount something as something The news reports were being discounted as propaganda.
  2. 2
    NAmE//ˈdɪskaʊnt//
     
    , NAmE//dɪsˈkaʊnt//
     
    discount something to take an amount of money off the usual cost of something; to sell something at a discount synonym reduce discounted prices/fares Most of our stock has been discounted by up to 40%.
See the Oxford Advanced Learner's Dictionary entry: discount