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Discount window |
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Discount windowFacility provided by the Fed enabling member banks to borrow reserves against collateral in the form of governments or other acceptable paper.Discount window 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. Discounted cash flow (DCF)Discounted cash flow (DCF)Future cash flows multiplied by discount factors to obtain present values. Discount yieldDiscount yieldThe yield or annual interest rate on a security sold to an investor at a discount. A bond that is sold at $4875 that matures to $5000 has a discount of $125. To calculate the discount yield: (discount divided by the face value of the security) multiplied by the (number of days in the year divided by the number of days to maturity). Deep discount bondDeep discount bondA bond issued with a very low coupon or no coupon that sell at a price far below par value. A bond that has no coupon is called a zero-coupon bond. Stepped discount mortgageStepped discount mortgageWhere the discount is, for example, fixed at one level for one year and then a slightly lesser level for two further years. Remember it is the percentage discount that is stepped and not the monetary amount, so your repayment can still vary. Further SuggestionsDiscount factordiscounted cashflow Dividend Discount Return discounted rate mortgage Forward discount Discounted payback period rule Accretion (of a discount) dividend discount model Discount rate Forward discount Discount Interest Discount Rediscount discount rate Discounted basis Unamortized bond discount deep discount Discount period Discount payment Discounted in or by market Bank discount basis Discount bond Original issue discount debt (OID debt) Underwriters discount Discounted payback |
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