Meaning of the word "discounted rate" in English

What does "discounted rate" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

discounted rate

US /dɪˈskaʊntɪd reɪt/
UK /dɪˈskaʊntɪd reɪt/
"discounted rate" picture

Noun

a price that is lower than the standard or usual cost

Example:
Students are eligible for a discounted rate on public transport.
We booked the hotel at a discounted rate during the off-season.