Original issue discount debt

Original issue discount debt (OID debt)

Debt that is initially offered at a price below par.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Original Issue Discount Security

A bond or other debt instrument that is issued at a price below its face value. For example, a bond with par of $10,000 might be issued to an investor for $7,000. All zero-coupon bonds are original issue discount debt.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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