discounted

Definition

To reduce a price, debt, or future obligation by a mathematical percentage because apparently money today is worth more than money tomorrow (who knew?).

Example Usage

The bank discounted the loan at 5% interest, meaning they took their cut upfront like a financial magician.

Source: Merriam-Webster via Free Dictionary API

Related Terms

Intermediate

days in inventory

The average number of days it takes to sell through inventory, calculated as (inventory / cost of goods sold) × 365. A metric that reveals whether you're efficiently managed or operating a museum of unsold products.

💰 Finance / Accounting

Advanced

negative goodwill

When you acquire a company for less than the fair value of its identifiable net assets, essentially buying a dollar for seventy cents. Also called a 'bargain purchase,' it's as rare as it sounds and usually indicates something's wrong.

💰 Finance / Accounting

Beginner

reimburse

The corporate promise to pay you back for money you fronted on the company's behalf—usually after submitting three forms, two receipts, and a blood oath. It's the business world's version of "I'll get you back," except with actual paper trails and approval workflows. Pro tip: save those receipts, or prepare for disappointment.

💰 Finance / Accounting

Beginner

charge

The fee you're about to pay that wasn't mentioned upfront, or the accounting entry that makes your expenses look worse than they already are. It's money levied for services, penalties for existing, or the formal recognition of costs on financial statements. Also, what your credit card company loves to add in mysterious increments.

💰 Finance / Accounting

Intermediate

IPO

Initial Public Offering, the moment a private company decides to let random strangers on the internet buy and sell pieces of it. It's like inviting the entire neighborhood to become co-owners of your lemonade stand and then wondering why everyone has opinions.

💰 Finance / Accounting

Intermediate

convertible

In finance, a security that's having an identity crisis—it starts as one thing (usually a bond) but can transform into something else (usually stock) like a financial Transformer. Investors love them because they get the safety of debt with the upside potential of equity. It's also a car with a roof that comes off, but that's significantly less exciting to accountants.

💰 Finance / Accounting

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