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 ?
Thus, as I believe, the most wonderful of all known instincts, that of the hive-bee, can be explained by natural selection having taken advantage of numerous, successive, slight modifications of simpler instincts; natural selection having by slow degrees, more and more perfectly, led the bees to sweep equal spheres at a given distance from each other in a double layer, and to build up and excavate the wax along the planes of intersection.
Numa, the lion, can run swiftly for a short distance, but he lacks endurance.
The question of his fate, then, rested upon whether, with his start he could elude Numa for a few seconds; and, if so, if the lion would then have sufficient stamina remaining to pursue him at a reduced gait for the balance of the distance to the wall.
A low point concealed them from the headland, and the margin of the lake was fringed for some distance with dense and overhanging bushes.
Duncan, who was not altogether as easy under this nice estimate of distances as his companions, was glad to find, however, that owing to their superior dexterity, and the diversion among their enemies, they were very sensibly obtaining the advantage.
The river led me a short distance within the shadow before it emptied into the Sojar Az.
I had progressed no great distance from the mouth of the river when I discerned, lying some distance at sea, a great island.
As the party drew nigher to this solitary being, and came within a distance to be heard, a low growl issued from the grass at his feet, and then, a tall, gaunt, toothless, hound, arose lazily from his lair, and shaking himself, made some show of resisting the nearer approach of the travellers.
What may a man call the distance, from this place to the nighest point on the main river?
Colter flew rather than ran; he was astonished at his own speed; but he had six miles of prairie to traverse before he should reach the Jefferson Fork of the Missouri; how could he hope to hold out such a distance with the fearful odds of several hundred to one against him
He then swam silently down the river for a considerable distance, when he landed, and kept on all night, to get as far as possible from this dangerous neighborhood.
By daybreak he had gained sufficient distance to relieve him from the terrors of his savage foes; but now new sources of inquietude presented themselves.