discount notes
high-yield debt securities that do not pay cash interest for an initial period and are therefore issued at a discount to their final redemption value.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Documented discount notes — Commercial paper backed by normal bank lines plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower does not. Such paper is also referred to as LOC ( letter of credit) paper. The New York Times… …   Financial and business terms

  • documented discount notes — commercial paper backed by normal bank lines of credit ( line of credit) plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower defaults. Such paper is also referred to as LOC. paper. Also known as… …   Financial and business terms

  • discount — dis·count 1 / dis ˌkau̇nt/ n: a reduction made from the gross amount or value of something: as a: a reduction made from a regular or list price or a proportionate deduction from a debt account usu. made for prompt payment or for payment in cash b …   Law dictionary

  • Discount — Dis count (?; 277), v. t. [imp. & p. p. {Discounted}; p. pr. & vb. n. {Discounting}.] [OF. desconter, descompter, to deduct, F. d[ e]compter to discount; pref. des (L. dis ) + conter, compter. See {Count}, v.] 1. To deduct from an account, debt,… …   The Collaborative International Dictionary of English

  • Discount Note — A short term debt obligation issued at a discount to par. Discount notes are similar to zero coupon bonds and Treasury bills and are typically issued by government sponsored agencies or highly rated corporate borrowers. Discount notes do not make …   Investment dictionary

  • discount — 1. verb a) To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills. b) To lend money upon, deducting the discount or allowance for interest; …   Wiktionary

  • discount — Synonyms and related words: abate, abatement, abjure, abuse, admit, admit exceptions, allow, allow for, allowance, bate, belittle, blink at, borrow, brush aside, brush off, charge off, chuck, chuck out, concede, consider, consider the… …   Moby Thesaurus

  • Discount Fireworks — Compilation album by Over the Rhine Released February 6, 2007 …   Wikipedia

  • discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… …   Black's law dictionary

  • discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… …   Black's law dictionary

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