Discount Note financial definition of Discount Note
For example, if a discount note has a face value of $1,000, it may be issued to the holder at $900. When it matures, the holder receives the full $1,000. A discount note does not pay a coupon; rather, the difference between the discount and the face value takes the place of the coupon. See also: coupon-equivalent yield.
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After using Mint.com, you realize you need to pay off one of your high interest loans to reduce your interest expense. You decide to discount a $5,250 345-day note at 3% to your bank at a discount rate of 4.5% on day 210. What are your proceeds?
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Discount | Definition of Discount by Merriam-Webster
Discount definition is - a reduction made from the gross amount or value of something: such as. How to use discount in a sentence.
What Defines a Discount in Finance? - Investopedia
Discount: In finance, discount refers to the condition of the price of a bond that is lower than par, or face value. The discount equals the difference between the price paid for a security and ...