risconto
bill discounting
Origin: From 'riscontare', from 're-' + 'scontare' (to discount).
Also means
reconciliation (accounting)
Usage Note
Risconto is a specialized banking and accounting term. In banking it refers to the rediscounting of bills of exchange (when a bank discounts a bill that a client has already discounted). In accounting it means an accrual or prepayment entry — risconti attivi (prepaid expenses) and risconti passivi (deferred income) are standard balance-sheet items. Learners will encounter it primarily in financial and accounting studies.
Examples
"I risconti attivi sono indicati nello stato patrimoniale."
Natural Translation
Prepaid expenses are shown on the balance sheet.

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