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The following properties are available when creating a discount level object or editing it on the General tab:
Display name  | 
The name of the discount level displayed to users on the live site and in the administration interface.  | 
Code name  | 
The name of the discount level used by developers in the code. Unless there is a reason to set a particular value, you can leave the default (automatic) option, and the system will generate an appropriate code name.  | 
Value  | 
Allows you to enter the percentage value of the discount.  | 
Valid from  | 
Indicates since when the discount level is valid. You can click the Now link to insert the current date and time or you can click the   | 
Valid to  | 
Indicates till when the discount level is valid. You can click the Now link to insert the current date and time or you can click the   | 
Enabled  | 
Indicates if the discount level object can be used in your on-line store. For example, if checked, the respective discount level can be selected from the Discount level on this site drop-down list when editing a registered customer on the General tab.  | 
Localization expressions, i.e. Localize other languages (
), Remove localization (
) and Localize (
), are described in detail in the Localization expressions topic in the Development -> UI cultures and localization section of the Developer's Guide.
Further information about discount levels can be found in E-commerce Guide -> Managing your store -> Discounts.