Definitions for "Quantity discount"
A discount in unit price determined by either purchase quantity or dollar amount.
In life insurance, a per thousand discount allowed when the policy face amount is in excess of a certain amount designated by the insurance company. The discount is based on the concept that the acquisition cost for a small policy is the same as that for a larger one, so that in the larger policy, the cost per thousand to issue the policy is less, thus justifying the discount.
a price reduction offered on the purchase of a large quantity.