Discount may have one of the following meanings, depending the context of the term:

1. the difference between a bond's current market price and its face value.

2. a manner of selling securities such as U.S. Treasury bills, which are issued at less than face value and are redeemed at face value; the difference is ordinary income.

3. a reduction in the fair market value of stock for purposes of the federal estate tax because the forced sale of closely held stock would depress the price.

U.S. and other Developed Countries International Tax Meaning

Amount by which the face value of a debt obligation exceeds its issue or selling price.





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