Web www.software-risk.co.uk

The difference by which a bond's market price is lower than its face value. The antithesis of a bond premium, which prevails when the market price of a bond is higher than its face value. See: Original issue discount.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

Related Articles
Why Bring Back the 30-Year Bond?
30-Year Bond Makes Comeback
Premium
Market price
Low grade
Low-coupon bond refunding
Interest rate risk
Inactive stock/bond

Similar Areas

Finance Items

Selected Books

Keywords

Bond discount

bond

bonds

market price

bond price

face value