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	Seasongood Asset Management \| Bond Market Glossary
		Bonds can be callable under a number of different circumstances, including at the option of the issuer, or on a mandatory or extraordinary basis.
		Bond resolutions and trust agreements are functionally similarly types of documents, and the use of each depends on the individual issue and issuer.
		Municipal bonds that are also exempt from state and local as well as federal income taxes are said to have double or triple tax exemption.
	sgood.com /bond_mkt_glossary_MR.htm (2671 words)

	About Municipal Bonds
		Under the de minimis rule, if a bond is purchased with a small amount of market discount—an amount less than 0.25 percent of the face value of a bond times the number of complete years between the bond’s acquisition date and its maturity date—the market discount is considered to be zero.
		If the market discount is less than the de minimis amount, the discount on the bond is generally treated as a capital gain upon disposition or redemption rather than as ordinary income.
		Assuming the discount is amortized on a straight-line basis, the investor must treat the five-point gain as ordinary income in the year the bond is sold.
	www.investinginbonds.com /learnmore.asp?catid=8&subcatid=62 (1326 words)

	Municipal bonds FMSbonds.com: Tax-free Bond Specialists
		Tobacco bonds are expected to have shorter average lives because of their accelerated payment structure.
		If a bond has to be amortized to the call date that is executed, then it means that all of the premium would have been used and the basis would always be 100.
		Bonds trading at 100.00 are reflective of the new issue market and rarely represent the best values for the obvious reason that par bonds are easier to sell to individual investors.
	www.fmsbonds.com /bond_forum4.html (4140 words)

	Information (Site not responding. Last check: 2007-10-14)
		A bond covenant is a contractual provision in the bond.
		Clauses in the bond indenture are designed to maintain the integrity of assets pledged as collateral for bonds and may allow the bonds to be called if certain conditions are not maintained.
		A bond issued to finance a project in which the bond issuers pledge to the bond holders the revenue generated by tolls or user fees by the project being financed.
	www.bondtrac.com /XT/information/education/INCOME_GLOSSARY.xml (7904 words)

	Definition
		Bonds that sell at a discount, do so because the rate of interest they pay is lower than the current market rate for that bond.
		The price of discount bonds are more sensitive to a given change in interest rates relative to bonds trading at par, or at a premium.
		A bond that sells at least 20% to 25% below its face value is considered a "deep discount bond." For example, if a bond had a face value of $1,000 and was selling at $750, it would be considered a deep discount bond.
	bwnt.businessweek.com /Glossary/definition.asp?DEFCode=D28 (430 words)

	Zero-Coupon Bond
		Accrued-coupon bonds are issued at some par value and have a stated nominal yield.
		Deferred-coupon bonds (or split-coupon bonds) pay no coupons for their first few years but then pay a higher coupon than they otherwise would for the remainder of their term.
		On the other hand, for investors who may sell the bonds prior to maturity or account for them at market value, they can be quite risky.
	www.contingencyanalysis.com /glossary/articles/zero_coupon_bond.htm (696 words)

	* Discount bond - (Stock Market): Definition
		A bond that is valued at less than its face amount.
		Bond sold at a discount from face value.
		Discount Bond A bond that is valued at less than its face amount.
	en.mimi.hu /stockmarket/discount_bond.html (329 words)

	Mortgage Calculator / Bond Calculator
		This calculator determines the present value for mortgages, pure discount bonds, and coupon bonds, It will also calculate the rate of return (or bond yield-to-maturity) that makes the present value equal to a known market price for the security.
		To compute the present value of a fixed-income security, the discount rate R should be the current discount rate, but the periodic payments and final payment should stay fixed at the original values.
		For example, a pure discount bond that costs $1000 and returns $900 after one year has a negative yield R. A lower bound of zero is imposed to eliminate the possibility of calculating negative interest rates.
	www.econmodel.com /classic/calculators/pv1.php (401 words)

	Bond Lecture Notes
		Bonds have a set maturity date when they are due and a set rate of interest and interest payment dates.
		The bond example I am using throughout the lecture on this chapter is an issue of 100 $1,000 bonds.
		In the case of a discount, the Bond Carrying Value is equal to the balance in the Bonds Payable account (face amount) minus the balance of the discount.
	www.ndsu.nodak.edu /instruct/jglatt/bonds.html (2133 words)

	Valuing Bonds (Site not responding. Last check: 2007-10-14)
		A bond is a security with a fixed cash flow per period, C, and a balloon payment, F, at the end of the bond's life.
		Note that if the six-monthly discount rate is 4.4%, with coupons being paid semi-annually as in the current case, it is customary to say that the bond sells at a yield of 2 times 4.4% or 8.8%.
		bond issued at 81.071% of par is sold for 820.95 at the end of the year.
	webpage.pace.edu /pviswanath/notes/investments/bonds.html (1562 words)

	OECD Glossary of Statistical Terms - Zero-coupon / deep discount bond
		A zero-coupon/deep discount bond is a debt security with no coupon (zero-coupon) or substantially lower coupon than current interest rates.
		The bonds are issued at a discount to their nominal value, with the discount reflecting the prevailing market interest rate.
		Thirdly, a zero coupon bond is a leveraged investment: because the bonds are sold at a discount a relatively small up-front payment gives the investor exposure to a larger nominal amount.
	stats.oecd.org /glossary/detail.asp?ID=2958 (213 words)

	Bond Glossary (One Bond Strategy) \| SmartMoney.com
		Bonds sell at a discount when the coupon on the bond is lower than prevailing rates.
		If a bond or a bond fund has a duration of seven years, a 1% drop in interest rates will raise its value by 7%, while a 1% rise in interest rates will lower its price by 7%.
		Bonds sell at a premium when the coupon on the bond is higher than prevailing rates.
	www.smartmoney.com /onebond/index.cfm?story=bondgloss (2037 words)

	Discount Bond cigarettes from Discount Cigarettes Store.
		Bond is a common name for one of the most famous cigarettes brands of the Philip Morris Tobacco Company – Bond Street.
		However, each Bond cigarette is still a product of high quality as Philip Morris is renowned for their high quality standarts.
		The blending formula of Bond Street cigarettes has won various prizes from the industry researchers so every Bond cigarettes smoker should be satisfied with what he smokes.
	www.discount-cigarettes-store.com /bond (323 words)

	deep-discount bond Definition
		A bond that sells at a discount of 20% or more from face value.
		Deep-discount bond most often refers to a zero-coupon bond.
		Find out about bonds issued by mortgage associations, savings bonds, Brady bonds, as well as those issued by other government agencies, and what the advantages and disadvantages of each type are.
	www.investorwords.com /1345/deep_discount_bond.html (151 words)

	IDBI Deep Discount Bond: Buy
		This bond was issued in November 1998 and is a deep discount instrument, meaning it is issued at a discount to face value.
		The bond has a complex redemption scheme with a layered call option by the IDBI and a put option for the investor at the end of seven years in November 2005, and thereafter in February 2011.
		If the bond is bought at current prices and the IDBI or the investor chooses to exercise that option, the yield to early redemption stands 12.70 per cent.
	www.blonnet.com /iw/2001/11/11/stories/0311c051.htm (286 words)

	Taxes and Bond Returns
		For a premium bond, the basis declines (i.e., is amortized) until it reaches the principal value at maturity.
		For a discount bond, the basis increases at the rate of the accrued market discount until it reaches the principal value at maturity.
		The value of a tax-timing option attached to a single bond is lower than the value of an option attached to a bond portfolio with a promised stream of cash flows.
	www.nysscpa.org /cpajournal/2005/305/essentials/p42.htm (2732 words)

	Bond (JMSL Numerical Library)
		Discount bonds, also called zero-coupon bonds, do not pay interest during the life of the security, instead they sell at a discount to their value at maturity.
		The discount rate is the interest rate implied when a security is sold for less than its value at maturity in lieu of interest payments.
		The discount rate is an annualized rate of return based on the par value of the bills.
	www.vni.com /products/imsl/jmsl/v40/api/com/imsl/finance/Bond.html (3455 words)

	WHAT ARE BOND DISCOUNTS AND PREMIUMS
		Bonds can be bought and sold on the secondary market before they reach maturity.
		If you buy at a discount, then at the bond's maturity you are repaid the par value, which is more than the purchase price.
		In order to determine whether a bond is selling at a discount or a premium, you need to look at a bond table.
	www.bondsonline.com /Educated_Investor_Center/WHAT_ARE_BOND_DISCOUNTS_AND_PREMIUMS.php (455 words)

	Cheap Bond cigarettes, $9.95 per carton of cheap discount Bond cigarettes on www.cheap-cigarettes-sale.com: Marlboro, ...
		Bond Street cigarettes are produced by Philip Morris, Ltd. and are sold in more than 50 countries of the world.
		And 1902 was the year when one of the greatest admirers of the company, King Albert, has presented this boutique with the title of the royal tobacconist.
		Of course, Bond Street Lights cigarettes are somewhat milder than the Classic and Super Lights are even milder, targeting those, who prefer frequent smoking.
	www.cheap-cigarettes-sale.com /bond (278 words)

	Tisco Deep Discount Bond: Buy (Site not responding. Last check: 2007-10-14)
		Tisco issued this as deep discount bond in September 1996 and was, therefore, priced at a discount to the face value at Rs 5,100.
		The redemption of the bond will be in three stages, commencing in November 2005 with a value of Rs 7,500, followed by another Rs 7,500 in 2006 and the final redemption of Rs 10,000 in November 2007.
		The likelihood of the company exercising this option next year is high as this bond was issued at a high interest rate by current market standards, and the company will probably use this option to reduce the cost of the bonds.
	www.blonnet.com /businessline/iw/2001/04/15/stories/0315c053.htm (219 words)

	A UNIQUE DISCOUNT BOND
		A zero coupon bond is purchased at discount and redeemed for its full face value at maturity.
		The issue price of a zero coupon bond is calculated as the present value of the par amount discounted at the coupon rate for the maturity of the bond.
		For example, a twenty-year bond with an 8 percent coupon maturing at $1,000 would be worth $215 today.
	www.bondsonline.com /Educated_Investor_Center/A_UNIQUE_DISCOUNT_BOND.php (378 words)

	IDBI Deep discount bond: Buy (Site not responding. Last check: 2007-10-14)
		THE IDBI Deep Discount Bond -- at a discounted price to its face value -- was issued in January 1992.
		The bond was issued for Rs 2,700 and is trading at Rs 10,713.
		If the bond is redeemed in 2002, the yield to redemption is 14.58 per cent; in 2007 it would be 15.64 per cent; in 2012 15.28 per cent, and in 2017 15.15 per cent.
	www.hinduonnet.com /businessline/iw/2001/05/13/stories/0313c052.htm (270 words)

	Definition of Pure Discount Bond (Site not responding. Last check: 2007-10-14)
		A pure discount bond makes a single payment at the maturity date of the bond.
		U.S. Treasury bills have this characteristic, but pure discount bonds are popular mainly as academic tools.
		It is convenient to introduce the notion of present value in terms of a pure discount bond because the payment structure is so simple.
	www.econmodel.com /classic/terms/purediscountbond.htm (94 words)

	Discount bond
		In portfolio accounting, a straight-line accumulation of capital gains on a discount bond in anticipation of receipt of par at maturity.
		Series G, H, HH, and K are current-income bonds, and the semiannual interest paid to their holders is not included in accrued discount.
		The 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.
	www.financial-terms.co.uk /finance-glossary/discount-bond.html (160 words)

	Eco 340, Fall 2002, Week 5 Lectures (Site not responding. Last check: 2007-10-14)
		My bond will pay $1000 a year from now, for a net gain of $90.91, but a new bond will also pay $1000 a year from now and be considerably cheaper, because it's paying 15% interest.
		My bond will still pay $1000 a year from now, for a net gain of $90.91, whereas a new bond will also pay $1000 a year from now but will cost about $950 (for a smaller net gain, of about $50).
		Let FV be the Face Value of the discount bond or the amount of a future payment (i.e., its Future Value), and recall that i is the market interest rate and n is the number of years between now and the date of the payment, and the formula is
	www.oswego.edu /~dighe/lm02f5.htm (2114 words)

	IDBI Deep Discount Bond: Buy
		Issued in January 1992, the IDBI Deep Discount Bond trades at Rs 10,801.
		The bond was issued at a discounted value of Rs 2,700.
		Further, given that an interest rate cut seems to be on the cards, the likelihood of the bond being called by IDBI looks good.
	www.thehindubusinessline.com /businessline/iw/2001/06/10/stories/0310c051.htm (237 words)

	ShoppingHeaven / Bond Street / $8.99 Cheap Bond Street cigarettes
		Top name brand cigarettes including Bond cigarettes and tobacco are available direct from the warehouse for immediate dispatch.
		Bond Classic Box cigarettes, Bond Lights Box cigarettes and Bond Super Lights Box cigarettes, are available at discount prices from our online cigarettes shop for immediate shipment.
		Our Bond cigarettes are delivered fresh discount cigarettes to your door.
	www.shopping-heaven.com /products/cigarettes/bondstreet/index.html (138 words)

	ICICI Deep Discount Bond: Buy (Site not responding. Last check: 2007-10-14)
		In the current market situation, bonds seem highly attractive and a number of deep discount instruments have witnessed increased liquidity.
		(A deep discount bond or a zero coupon bond is one that is issued at a discount to its face value and, on redemption, the investor gets the face value.) The ICICI Deep Discount Bond has been trading actively since December.
		It is, therefore, an attractive bond if one is willing to hold it to maturity and is also comfortable with the risks involved.
	www.blonnet.com /businessline/iw/2001/04/15/stories/0315c052.htm (200 words)

	Discount Bond
		Acronyms Bonds Buzzwords FOREX Mutual Funds Options and Futures Retirement Stocks Taxes Tech Analysis Trading
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		Bond Basics Tutorial - Investing in bonds - What are they, and do they belong in your portfolio?
	www.investopedia.com /terms/d/discountbond.asp (176 words)

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