What's the difference between discount and refund?

Discount


Definition:

  • (v.) To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.
  • (v.) To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
  • (v.) To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
  • (v.) To leave out of account; to take no notice of.
  • (v. i.) To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
  • (v. t.) A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.
  • (v. t.) A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
  • (v. t.) The rate of interest charged in discounting.

Example Sentences:

  • (1) The government’s increase in the discount offered to tenants has prompted a massive increase in purchases of local authority accommodation.
  • (2) A 20% discount will save the average first-time buyer £43,000 on a £218,000 home (the average cost paid by such buyers), which would leave a revenue shortfall of £8bn from income if current regulatory obligations had been retained on the 200,000 homes.
  • (3) • plans to consult on increasing discounts under right to buy.
  • (4) Tesco has revamped its budget range of value products with a new range of own-label “farm” brands as it steps up its fight against German discounters Aldi and Lidl.
  • (5) They cover popular claims involving discounts such as "was £3, now £2" or "half price", which must now only be offered for the same or less time than the product was initially sold at the higher price.
  • (6) • Plans to consult on increasing discounts under right to buy – the scheme which allows social housing tenants to buy their properties.
  • (7) A modified delayed-reinforcement scheduling procedure enabled a previous methodological criticism to be discounted.
  • (8) When I peruse a potential bargain I know I am influenced more by the extent of the reduction than whether the discounted item is something we really want.
  • (9) This difference was even more significant--16.4 and -0.5%--when usage of oral contraceptives and intrauterine devices was discounted.
  • (10) A major disruption in primary metabolism and hence secondary metabolism was discounted since eight primary metabolism enzymes showed no evidence of unusual changes in specific activity when normal and manganese-deficient cultures were compared.
  • (11) "Women with children are blamed for combining motherhood with paid work, and women with no children are sidelined and discounted because they are not mothers."
  • (12) Britain's Department of Health and Social Security (DHSS) seems to have badly miscalculated in discounting the political necessity of immediately introducing legislation to ban surrogate parenthood arrangements.
  • (13) The new plug-in car grant, a plan first revealed by the Guardian last April , will offer car-buyers a maximum £5,000 discount on electric, plug-in hybrid and hydrogen vehicles from 1 January 2011.
  • (14) Comparison of these figures assumes the controversial point that preclinical cancer will always progress to invasive carcinoma if left untreated and takes no account of inflation and discounting.
  • (15) The discount retailer, which sells products ranging from biscuits to dog food and washing-up liquid, said total sales increased more than 12% to nearly £350m in the three months to the end of December.
  • (16) By discounting the relevance of child sexual trauma, psychiatric clinicians and theoreticians overlook not only the therapeutic needs of many survivors but the opportunity to reconceptualize the role of trauma in the etiology and treatment of conditions presumed to be incurable.
  • (17) Established methods of drug product management, such as formularies and MACs, were most commonly reported by HMOs; however, nearly half reported using new approaches, including contracts with manufacturers, incentives, such as discounts and rebates based on use, and exclusive or preferred status.
  • (18) In one clothes shop, with racks of discounted Calvin Klein and DKNY, the manager, Sav, explains what's happened: "In this crisis, the middle classes have been hollowed out."
  • (19) The average amount of life expectancy gained by immediate cholecystectomy compared with expectant management is 52 days, which is reduced to 23 days using 5% discounting.
  • (20) Tesco’s accounting scandal has led to concerns about the way the sector handles payments from suppliers for promoting products or hitting sales targets, and UK grocers are operating under fierce competition from discounters such as the German company Aldi which has reported a 65% rise in profits in the UK.

Refund


Definition:

  • (v. t.) To fund again or anew; to replace (a fund or loan) by a new fund; as, to refund a railroad loan.
  • (v. t.) To pour back.
  • (v. t.) To give back; to repay; to restore.
  • (v. t.) To supply again with funds; to reimburse.

Example Sentences:

  • (1) However, some contactless transactions are processed offline so may not appear on a customer’s account until after the block has been applied.” It says payments that had been made offline on the day of cancellation may be applied to accounts and would be refunded when the customer identified them; payments made on days after the cancellation will not be taken from an account.
  • (2) The train operator advised passengers to use alternative routes with South West Trains and Chiltern Trains and has offered refunds to travellers who decide not to travel on Saturday.
  • (3) However, according to the the Professional Financial Claims Association (PFCA), only about half of the sums paid out represent refunded payments.
  • (4) Oliver's departure followed the exit of Kenneth Tong last Thursday, which forced Channel 4 to abandon the planned eviction vote on Friday and offer a refund to viewers who had already voted.
  • (5) When she appealed, East Coast apologised but incredibly refused a refund, until Money intervened.
  • (6) Passengers who have paid but choose not to travel due to this service disruption can receive a refund or a voucher for future travel,” the operator said.
  • (7) He said the fact so many people had not approached their bank showed how important it was that they should be forced to automatically refund their customers if they lost the case.
  • (8) "Energy suppliers benefiting from credits on customer accounts and failing to respond to requests to refund them was turning into a bone of contention.
  • (9) A spokesman for the SLC says: “We apologise to Miss Rodrigues for any inconvenience she encountered in arranging a refund of her overpaid balance and for any incorrect information she was given regarding interest.
  • (10) Some people will receive the refund in the form of a reduction in what they owe.
  • (11) Don't ignore the letter; your bank has written to you because it believes it may have mis-sold you PPI and this is your chance to respond and get a refund of your premiums.
  • (12) The full effect on sales has yet to be seen as the airline offered full refunds to passengers who had booked to fly later in the year after the shooting down of MH17.
  • (13) People who have already bought a case are entitled to a free cash refund.
  • (14) Then, earlier this month, a tentative legal settlement was reached that required Frey and his American publisher, Doubleday, to provide refunds to readers who felt they were defrauded in buying a book classified as memoir.
  • (15) I’m sorry to hear that happened, but that person will have a one person connection to go to to explain that’s happened to sort out.” In a later statement, a council spokesman said: “We are very sorry if this has happened and we are working to find out who has been affected so we can offer reassurance and an immediate refund.
  • (16) In practice most train companies will issue a refund when train services are delayed, irrespective of what caused the delay.
  • (17) Non-medical psychotherapists are not eligible for refunds by the health insurance system.
  • (18) A spokeswoman for NatWest confirmed it will not refund Wilson as she had "willingly handed over the money".
  • (19) However, this is BT we are dealing with, and even after we raised this with the company’s HQ, it was still rather hard work getting a proper refund.
  • (20) Despite the fact that the weight recorded on the seller's proof of posting showed that the parcel had been filled, and that the buyer refused to cooperate with Royal Mail's investigation, eBay found in the buyer's favour and refunded him.