Last reviewed 08-20-2026Short-Sale.com Editorialglossary
DISCOUNT
California Department of Real Estate
Updated 08-20-2026
DISCOUNT
To sell a promissory note before maturity at a price less than the outstanding principal balance of the note at the time of sale. Also an amount deducted in advance by the lender from the nominal principal of a loan as part of the cost to the borrower of obtaining the loan.
California Department of Real Estate Glossary
California Department of Real Estate · p. 12
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