How to pronounce “bond discount”

Meaning

• [Noun]
• (law) A reduction from the face amount of a bond that occurs where bonds are sold on the market for cash at a price less than the face amount. Since bonds mature years after issue, they are discounted to reflect present value.

Practice Nearby Words

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Similar Sounds

bank discount, body count, bandicoot, benison, bondurant, bennison, benisons, benedicite, bendickson, bendixen