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Dividend

means the share of the subscriber in the amount of discount available under the chit agreement for rateable distribution among the

Loan societies

repaid. The society is permitted to receive by way of discount, at the time of the loan, interest under its enrolled

Purchase price

purchase of any goods, less any sum allowed as cash discount, commission or commercial rebates granted at the time of, or

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Percentage

certain rate per cent the allowance duty rate of interest discount or commission on a hundred

Reason to believe

in good faith, it cannot be merely a pretence, Calcutta Discount Co. Ltd. v. Income Tax Officer, AIR 1961 SC 372

Abatement

PARTIES. (6) Abatement or rebate in commerce, an allowance or discount made for prompt payment, Lex. Merc. It is sometimes used

bond

than by a specific lien on particular assets : debenture discount bond : a bond with a market value lower than

dated

marked by features of the immediate and usually discounted past

Chievance

An unlawful bargain traffic in which money is exported as discount

Bill broker

One who negotiates the discount of bills

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