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jockey discount

Comprehensive Analysis

1) "Jockey" -- As to jockey discount 1jockˇey Pronunciation: 'jä-kE Function: noun Inflected Form(s): plural jockeys Etymology: Jockey, Scots nickname for John 1 : a person who rides or drives a horse especially as a professional in a race 2 : a person who operates or works with a specified vehicle, device, object, or material <a bus jockey> <pencil jockeys> Pronunciation Symbols This article is about the sports occupation. For other meanings, see Jockey (disambiguation). The racecourse is a classical meeting point for the people of Chester. In sports, a jockey is one who rides horses in thoroughbred horse racing or steeplechase racing, primarily as a profession. 1 Etymology 2 Horse racing 3 Camel jockeys 4 Risk factors 5 References 6 See also The race has started! The word is by origin a diminutive of "jock", the Northern or Scots colloquial equivalent of the first name "John," which is also used generically for "boy, or fellow" (compare "Jack," "Dick"), at least since 1529. A familiar instance of the use of the word as a name is in "Jockey of Norfolk" in Shakespeare's Richard III. v. 3, 304. In the 16th and 17th centuries the word was applied to horse-dealers, postilions, itinerant minstrels and vagabonds, and thus frequently bore the meaning of a cunning rickster, a "sharp", whence the verb to jockey, "to outwit", or "to do" a person out of something. The current equestrian usage is found in John Evelyn's Diary, 1670, when it was clearly well known. George Sorrow's attempt to derive the word from the gypsy chukni, a heavy whip used by horse-dealing gypsies, has no foundation.[citation needed] Six jockeys and their horses taking a curve. Toulouse-Lautrec - The Jockey (1899). Jockeys are free agents, nominated by horse trainers to ride their horses in races, usually for a fee (which is paid regardless of the prize money the horse earns for a race) and a cut of the purse winnings. Joc..." 2) "Discount" -- As to jockey discount 1disˇcount Pronunciation: 'dis-"kaunt Function: noun 1 : a reduction made from the gross amount or value of something: as a (1) : a reduction made from a regular or list price (2) : a proportionate deduction from a debt account usually made for cash or prompt payment b : a deduction made for interest in advancing money upon or purchasing a bill or note not due 2 : the act or practice of discounting 3 : a deduction taken or allowance made Pronunciation Symbols See also Discounts and allowances. For the band, see Discount. In finance and economics, discounting is the process of finding the present value of an amount of cash at some future date, and along with compounding cash forms the basis of time value of money calculations. The discounted value of a cash flow is determined by reducing its value by the appropriate discount rate for each unit of time between the time when the cashflow is to be valued to the time of the cash flow. Most often the discount rate is expressed as an annual rate. To calculate the net present value of a single cash flow, it is divided by one plus the interest rate for each period of time that will pass. This is expressed mathematically as raising the divisor to the power of the number of units of time. As an example, suppose an individual wants to find the net present value of $100 that will be received in five years time. There is a question of how much is it worth presently, and what amount of money, if one lets it grow at the discount rate, would equal $100 in five years. Let one assume a 12% per year discount rate. NPV = 100 dollars divided by 1 plus 12% (0.12) divided by 1 plus 12% (0.12), etc. Since 1.125 is about 1.762, the net present value is about $56.74. So, an economy where money loses 12% of its value/purchasing power every year, how will it "feel" like having 100 $ in five years? Well, it will "feel" like having $56.74 now. So the interest rate you be charged at the bank will be very high to compensate for this fact. 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