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Discount Basis

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Discount Yield
A way to quote the price for bonds. It is calculated as the annualized yield assuming a 360 day year. One calculates the discount yield thusly:

Discount yield = (Discount from par value / par value) * (360 / Days until maturity)

The discount yield is also called the discount basis or the bank-discount basis.

discount basis


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1) High bill rate at auction, issue date within period, bank- discount basis.
Conversely, shares lacking control are said to be valued on a minority discount basis.
The notes are issued on a discount basis, but if any note is not paid on its expected payment date, it will be converted to an interest-bearing note, called an Extended Note and be due by its maturity date, which is 390 days from the issuance date.
 
 
 
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