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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Discount  

Definition 1.

Convertible: Difference between gross parity and a given convertible price. Most often invoked when a redemption is expected before the next coupon payment, making it liable for accrued interest. Antithesis of premium.General: Information that has already been taken into account and is built into a stock or market.Straight equity: Price lower than that of the last sale or inside market.
 

Definition 2.

The difference between the lower price paid for a security and the security's face amount at issue.
 
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