Net Discount definition
Net Discount means the Face Value less the Discounted Proceeds;
Net Discount means the result of (a) the interest remaining to be paid on the Non-Equity CD's as of the Closing Date based on the remaining term to maturity of each Non-Equity CD and the contract rate of each Non-Equity CD, minus (b) the interest remaining to be paid on the Non-Equity CD's as of the Closing Date based on the remaining term to maturity of each Non-Equity CD and the Pro Forma CNB Rate, minus (c) the Adjustment to Discount.
Net Discount. A part of discount corresponding