A bond that repays its face value at maturity, having been issued at a discount. It does not pay periodic interest payments. i.e. issued at $0.98, matures 3-months later at $1.00
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« Back to Glossary Index
A bond that repays its face value at maturity, having been issued at a discount. It does not pay periodic interest payments. i.e. issued at $0.98, matures 3-months later at $1.00
« Back to Glossary Index
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