discount bond
71Bank Discount Basis — A quoting convention used by financial institutions when quoting prices for fixed income securities sold at a discount, particularly U.S. Government issues. The quote is presented as a percentage of face value, and is determined by discounting… …
72at a discount — phrasal 1. : below par : below the nominal value the bond sold at a discount 2. : out of favor : poorly or lightly esteemed utopias and visionaries were at a discount in this sober workaday world : with reservations his continual complaints …
73Premium Bond — 1) A bond that is trading above its par value. A bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it. 2) A specific type… …
74Access Bank Nigerian Government Bond Index — The Access Bank Nigerian Government Bond Index is a liquid index that was created to ensure that there exists credible data on the Nigerian sovereign bond market which will help the investors and other stakeholders to make informed investment… …
75convertible bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. convertible bond …
76Yield elasticity of bond value — is the percentage change in bond value divided by a one per percentage change in the yield to maturity of the bond. This is equivalent to saying the derivative of value with respect to yield times the (interest rate/value). This is equal to the… …
77zero coupon bond — noun a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero coupon security • Syn: ↑zero coupon bond • Topics: ↑corporation, ↑corp, ↑government, ↑governing …
78zero-coupon bond — noun a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero coupon security • Syn: ↑zero coupon bond • Topics: ↑corporation, ↑corp, ↑government, ↑governing …
79zero-coupon bond — A type of debt security that does not pay periodic interest. Zero coupon securities are bought and sold at prices that are less than the par value of the securities. The discount, or difference between the principal paid to purchase the security… …
80Accumulation Bond — A bond issued at an original issue discount (OID). This means that the interest accumulates but is not paid until maturity; there are no semi annual coupon payments as with most bonds. These bonds are also referred to as accrual bonds. As… …
