Discount securities

Discount securities

Non-interest-bearing money market instruments that are issued at a discount and redeemed at maturity for full face value, e.g., US Treasury bills.
References in periodicals archive ?
NSSF also stands to lose about $22m that it invested in the stock market through Discount Securities, which was placed under statutory management, and is estimated to have lost $34m due to bad investment decisions and doubtful transactions, according to a November 2008 audit conducted by KACC and the Inspectorate of State Corporations.
The purchase price included the assumption of $537 million in debt issued by United Biscuits just before the acquisition and $530 million for redemption of Kraft's investment in the company--mainly deep discount securities.
This was soon followed by a deal for Sanwa Business Credit, a commercial finance company, and Quick & Reilly, a discount securities broker.
FBs are short-term discount securities issued by the MOF to raise funds for such purposes as intervention in the foreign exchange market.