Discount note: Difference between revisions
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Revision as of 14:19, 23 October 2012
A short-term note (with a maximum maturity of 360 days) issued at a discount to its par value. It pays out no interest but investors receive par value upon maturity.
See also
- Discount
- Discount basis
- Discount rate
- Interest bearing instruments
- Interest-bearing instruments
- Sterling commercial paper
- US commercial paper
- Yield
