discounted bill


A debt instrument sold for an amount less than the face value of the instrument. A discounted debt security with a face value of $1,000 might be sold for $900, but the holder of the bill would still collect $1,000 upon the maturity of the bill.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
discounted basis discounted bond