Examlex
What is meant by general-purpose financial statements?
Bank Discount
An interest deduction made in advance from a loan amount by the lender, often used in the context of Treasury bills.
Maturity Value
The total amount payable to an investor at the end of a security's hold period, including both the principal and interest.
Maturity Value
The total amount that will be paid to an investor at the maturity date of a financial instrument, including principal and interest.
Bank Discount
The difference between the face value of a banknote or security and its selling price, before it reaches its maturity.
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