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Yes, discount is playable

...and is worth 14 points.

Found in the following dictionaries

Enable (Words with friends)
SOWPODS (Collins Scrabble Words)
OTCWL2014 (NASPA Word List 2014)
TWL06 (NASPA List 2006)

"Discount" Definition

noun

A reduction from the full or standard amount of a price or debt.
The act or an instance of discounting a bill of exchange, note, or other commercial paper.
The interest deducted prior to purchasing, selling, or lending a commercial paper; the discount rate.
a reduction made from the gross amount or value of something as.
A reduction made from a regular or list price.

verb

To make a deduction from usually for cash or prompt payment .
To sell or offer for sale at a discount .
To lend money on after deducting the discount.
To leave out of account .
To minimize the importance of .

adjective

Selling goods or services at a discount .
Offered or sold at a discount .
Reflecting a discount .

verb-transitive

To anticipate and make allowance for; reckon with in advance.
To deduct or subtract from a cost or price.
To leave out of account as being untrustworthy or exaggerated; disregard: discount a rumor.
To lend money on (a commercial paper not immediately payable) after deducting the interest.
To purchase or sell (a bill, note, or other commercial paper) at a reduction equal to the amount of interest that will accumulate before it matures.

verb-intransitive

To lend money after deduction of interest.

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