DELEGATE n.
tituency to act as its representative in a convention; as, a delegate to a convention for nominating officers, or for forming or altering a constitution. [U.S.] Court of delegates, formerly, the great court of appeal from the archbishops' courts and also from the court of admiralty. It is now abolished, and the privy c…
DISCOUNT n.
The rate of interest charged in discounting. At a discount, below par, or below the nominal value; hence, colloquially, out of favor; poorly esteemed; depreciated. -- Bank discount, a sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it become due.…