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 classic literature ?
While in view of their admiring comrades, the same proud front and ordered array was observed, until the notes of their fifes growing fainter in distance, the forest at length appeared to swallow up the living mass which had slowly entered its bosom.
The number of people increased, and, in less than half all hour, the island was moved and raised in such a manner, that the lowest gallery appeared in a parallel of less then a hundred yards distance from the height where I stood.
A fourth and still more important consideration is, that as almost every State will, on one side or other, be a frontier, and will thus find, in regard to its safety, an inducement to make some sacrifices for the sake of the general protection; so the States which lie at the greatest distance from the heart of the Union, and which, of course, may partake least of the ordinary circulation of its benefits, will be at the same time immediately contiguous to foreign nations, and will consequently stand, on particular occasions, in greatest need of its strength and resources.
The latter allowed it to come within half a cable's length; then, as if disdaining to dive, it took a little turn, and stopped a short distance off.
And invisible to me because it was so remote and small, flying swiftly and steadily towards me across that incredible distance, drawing nearer every min- ute by so many thousands of miles, came the Thing they were sending us, the Thing that was to bring so much struggle and calamity and death to the earth.
Where there is fortune to make the expenses of travelling unimportant, distance becomes no evil.
The knowing Pierre immediately landed and took to the woods, followed by his squaw laden with their papooses, and a large bundle containing their most precious effects, promising to rejoin the party some distance above St.
The passengers being all comfortably seated, we now rattled away merrily, accomplishing a greater distance in ten minutes than Christian probably trudged over in a day.
They went on for some distance on a level road, fairly wide, from which the green light was visible.
Down the corridor at some distance I saw the faint reflection of a light, and toward this we made our way.
And yet they were only a short distance from the coast, but fatigue and privation were beginning to tell upon them severely.
Aramis never removed his from it; and, at a distance out in the sea, in proportion as the shore receded, that menacing proud mass of rock seemed to draw itself up, as formerly Porthos used to draw himself up, raising a smiling, yet invincible head towards heaven, like that of his dear old honest valiant friend, the strongest of the four, yet the first dead.