Skonto

cash discount (early-payment discount)

noun SKON-to Rare

Origin: from Italian 'sconto' (discount)

Usage Note

Skonto = a small percentage discount granted to buyers who pay an invoice promptly (e.g. '2% Skonto bei Zahlung innerhalb von 10 Tagen'). Standard in B2B invoicing in Germany.

Examples

"Die Rechnung gewährt zwei Prozent Skonto bei Zahlung innerhalb von zehn Tagen."

Natural Translation

The invoice offers a two percent discount for payment within ten days.

Literal Translation

The invoice grants two percent cash-discount at payment within ten days.

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