Discounted Bill

(redirected from Discounted Bills)

Discounted Bill

A debt security issued at a discount to its face value. For example, if a discounted bill has a face value of $1,000, it may be issued to the holder at $900. When it matures, the holder receives the full $1,000. A discounted bill, especially a short-term issue, often does not pay a coupon; rather, the difference between the discount and the face value takes the place of the coupon. See also: Coupon-equivalent yield.
References in periodicals archive ?
It is believed that a bank official discounted bills against which underlying trade transactions were fake or non-existent, leading to the fraud.
Paying energy bills by monthly direct debit's up to 6% cheaper IF you can, do, as it'll usually mean discounted bills of up to 6% less, so contact your provider to check.
9%) the dynamics of discounted bills was inspiring.
Like conventional banks, it took deposits, made loans, and discounted bills of exchange.
In addition to cash drain induced by bank failures, another good example of this is from the first year of the Great Depression (August 1929-September 1930): the MB fell by over $300 million due mainly to a decline in bank borrowing via discounted bills (F&S 1963, 340-341).
The financing includes before and after shipping facilities, loans against trust receipts, discounted bills, payments for receivable amounts and discounted export bills.
The discounted bills are quickly returned electronically to the client ready for auto-adjudication.
Indeed, some companies will give you discounted bills if you pay by direct debit and you can save up to 13 per cent.
6m households last year through discounted bills for vulnerable customers.
Customers on lower incomes - regardless of their supplier - should call the Home Heat Helpline on 0800 33 66 99 to see if they're eligible for free insulation or discounted bills.
Jiang also said that the bank is planning to reduce the proportion of low-yield discounted bills in its total loan portfolio, which should help boost its overall net interest margin.