 Hello in this lecture we will define trade discount according to fundamental accounts in principles while 22nd edition the definition of a trade discount is Reduction from a list or catalog price that can vary for wholesalers Retailers and customers. So we're talking about a discount here So we're talking about a listed price and some form of Reduction to that listed price as the discount when we think about discounts You really want to keep in mind are we the person that is receiving the discount or the person or company that is giving the discount But the discount in essence is gonna have a listed price some type of discount discount Resulting in the price being less