cash discount

noun
1.
a term of sale by which the buyer deducts a percentage from the bill if it is paid immediately in cash or within a stipulated period by check or cash.
2.
the amount deducted.

Origin:
1915–20

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
cash discount
 
n
a discount granted to a purchaser who pays before a stipulated date

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
To be used by federal agencies to evaluate the cost-effectiveness of a cash
  discount.
If your business offers such discounts, you may or may not be allowed to claim
  a cash discount on your return.
In order for the cash discount to be excluded, it must be allowed and taken at
  the time of sale.
Terms of payment must be stated, including cash discount, if any.
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