Meaning of DISCOUNT RATE in English

The ‘discount rate’ is used to represent or measure time preference. A low discount rate means future values are not heavily discounted; they are given nearly the same weight as a value in the present period. For example, a zero discount rate translates into equal weights on present and future values. A high discount rate heavily discounts future values, placing relatively low weights on future values. OECD (1996)

Fishery English glossary.      Английский глоссарий рыболовства .