OID

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OID

Original Issue Discount

The difference between a bond's face value and the amount for which it is sold by the issuer. Many bonds, especially those with low interest rates, are issued at a price less than par in order to entice buyers. Generally, the lower the interest rate, the greater the original issue discount, with zero-coupon bonds having the largest. Short of default, the original issue discount is a guaranteed profit for a bondholder, as bonds must be redeemed at face value. It is considered a form of interest and may be taxed as such.

OID

References in periodicals archive ?
We will continue to work closely with the MIB," said Miss Burnell
While the financial services and pension division of MIB will be absorbed by RMT, Mr Innes will retain the general insurance business.
MIB has posted a copy of the latest application activity figures here.
Harith Harun, Managing Director of MIB commented, "MIB is focused on offering innovative Islamic banking products and solutions of international standards that meet the needs of corporate and retail clients, stimulating the demand for such services in the country.
5% year-over-year decrease MIB reported for August.
4 percent below its previous low in 2010, as measured by the MIB Life Index.
Relatives of storm victims can use the form without having the court certificate of appointment, death certificate and letters of testamentary normally required of insureds' next of kin, MIB says.
Life insurers use MIB systems to verify the information consumers give on more than 90% of life insurance applications submitted in the United States and Canada.
As an MIB(T), the 500th MIB operates across an extraordinarily diverse, dispersed, and complex theater.
However, June's 2013 MIB Life Index value has set a new, all time low for the month across the board.
MIB Compliance Training Services has introduced its Health Information Portability and Accountability Act Privacy Primer.