What is the meaning of Discount bond?

Debt sold for less than its principal value. If a' Discount bond' pays no coupon, it is called a zero coupon bond.

Barry Goldsmith
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APABarry Goldsmith. (2010). discount bond. Retrieved September 22, 2026, from http://smartdefine.org/discount_bond/definitions/1152109
ChicagoBarry Goldsmith. 2010. "discount bond" http://smartdefine.org/discount_bond/definitions/1152109 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, discount bond, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/discount_bond/definitions/1152109>.
MLABarry Goldsmith. "discount bond" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/discount_bond/definitions/1152109>