Definition, Meaning & Synonyms
cash-discount
noun
/kæʃ dɪsˈkaʊnt/
Definition
A reduction in the price of a good or service offered to customers who pay in cash rather than using credit.
Examples
- Many retailers offer a cash-discount to attract customers paying upfront.
- By taking the cash-discount offered, she saved a significant amount on her purchase.
- Businesses that provide a cash-discount often see faster sales and improved cash flow.
Meaning
A cash discount incentivizes immediate payment, encouraging customers to avoid using credit or delayed payment methods.
Synonyms
- price reduction
- payment discount
- immediate payment discount
