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discount (verb) regard as unimportant or untrue.
When you treat an idea or a suggestion as unimportant, or untrue, you discount it. To disregard something as of any importance is to discount it. 'My father always discounts my opinions.' This means that my father does not treat my opinions as important. 'We should discount 50% of the media reports.' This means media reports are half-truths, as they are never wholly reliable. You do not discount the recurrence of a thing, if you expect it to recur.
- I cannot discount the possibility of his falling again, because he has resumed drinking and smoking.
- There is no discounting even a word of what he says, as he has always been highly reliable, and he is unlikely to be false now.