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 ?
Of the 11, three of the companies are no longer active trading participants having been suspended for one reason or the other.The three include Discount Securities, Nyagah Stockbrokers and Francis Thuo and Partners.
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.