discount bond

Definition of "discount bond"
  1. A type of bond sold for less than its face, or par, value
How to use "discount bond" in a sentence
  1. The investor decided to buy a discount bond as he was willing to wait for the bond to mature.
  2. Due to the company's low-rated creditworthiness, they could only issue a discount bond to raise money.
  3. He made a profit when the discount bond he bought five years ago finally reached its face value.
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