Business, Legal & Accounting Glossary
Any security that is sold at a price below the face value, or a security that is issued for a price below the face value, but pays out the face value at maturity. Discount securities of the first type may be re-sold later at a higher price, resulting in gains for the investor, while securities of the second type yield profit by paying out more than the purchase price.
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This glossary post was last updated: 20th November, 2021 | 0 Views.