Disclosure, Discount, Discovery, Discrepancy

Disclosure, Discount, Discovery, Discrepancy :

Disclosure : The exposure of a significant and relevant information that may not be known otherwise, such as disclosure by a purchasing agent of the company that he or she has a financial interest in one of the company’s suppliers. Disclosure allows the recipient of the information to analyse the information and work accordingly, thereby reducing the changes of any mistake or wrongdoing. For example, in the case of the purchasing agent who has a financial interest in a supplier, management may decide it is inconsequential, that the agent should be out of the loop in any transaction involving that particular vendor or they may insist on divestiture : the inclusion of an information in the financial report that is not noticed by the reader of the report and but that bears a lot of importance

Discount : A rebate or a cut to a buyer so that he immediately makes the payment. Terms of a loan from which the amount of interest is subtracted at the time the loan is sanctioned : a rebate or a cut in price so that the dealer buys large bulk quantities

Discovery : the process of collecting information about the case before going to court such as that of taking the statement of the parties involved and the necessary evidence before the trial starts

Discrepancy : Disagreement, an inconsistent or abnormal difference between two or more elements : The term is usually used to express the difference between the budgeted or estimated cost and actual cost.


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