deep-discount bond


Also found in: Financial, Acronyms.

deep-discount bond

n
(Banking & Finance) a fixed-interest security that pays little or no interest but is issued at a substantial discount to its redemption value, thus largely substituting capital gain for income
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014