Discounted Bill

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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.
Another concern is the bank's small equity, as well as the needed enhancements in its risk management system under low level of provisioning by lending transactions and significant amount of loans granted by discounted bills.
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.
Indeed, some companies will give you discounted bills if you pay by direct debit and you can save up to 13 per cent.
Then the vendors you're working with will begin sending you discounted bills and invoicing SLC for the difference.
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.