discount bond
Definition
Bond that sells at below its par value, instead of paying interest like ordinary bonds. In most cases, discount bonds reduce the risk of being 'called' by the issuer before the bond's maturity date.
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discount bond is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
discount bond appears in the definitions of the following terms: discount method and bond equivalent yield (BEY)
discount bond appears in these other term: deep discount bond
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