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Discount broker |
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Discount brokerA brokerage house featuring relatively low commission rates in comparison to a full-service broker.Discount broker Similar MatchesDiscountDiscountThe difference between the net asset value (NAV) per share of an investment trust and the share price, expressed as a percentage of the net asset value per share.e.g. if the NAV is £3.00, and the share price of the trust is £2.70, the trust is trading at a 10% discount to its NAV.When the share price is above the net asset value, it is said to be trading at a premium. Accrued market discountAccrued market discountThe rise in the market value of a discount bond as it approaches maturity (when it is redeemable at par) and not because of falling market interest rates. Discount ArbitrageDiscount ArbitrageA riskless arbitrage in which a discount option is purchased and an opposite position is taken in the underlying security. The arbitrageur may either buy a call at a discount and simultaneously sell the underlying security (basic call arbitrage) or maybuy a put at a discount and simultaneously buy the underlying security (basic put arbitrage). See also Discount. Discount windowDiscount windowFacility provided by the Fed enabling member banks to borrow reserves against collateral in the form of governments or other acceptable paper. Forward discountForward discountOpposite of forward premium. Further SuggestionsDiscount InterestAccrued discount Bank discount basis Discount factor Discounted payback discounted cashflow Discount period Discounted basis Accretion (of a discount) Discount period Dividend Discount Model (DDM) Pure discount bond Discounted cash flow (DCF) Discounting Underwriters discount discount rate Unamortized bond discount Original issue discount debt (OID debt) Discount rate Stepped discount mortgage deep discount Discounted in or by market Original Issue Discount securities (OIDS) dividend discount model Discount payment |
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