Discount Bond definition

Discount Bond means any Bond which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 10.02(a).
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Discount Bond means any Bond which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 12.04.
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Discount Bond means any Bond xxxxh provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 10.02. "Interest" with respect to a Discount Bond means interest, if any, borne by such Bond at a Stated Interest Rate.
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Examples of Discount Bond in a sentence

  • If the Notional Bond Portfolio comprises Notional Discount Bonds, the value of one bond unit will equal the value of one Notional Discount Bond.

  • If the amount allocated to the 2004-1 Income 10 Buy-Write Index Portfolio is zero, each bond unit will comprise one "Notional Discount Bond" that: (i) is denominated in U.S. dollars; (ii) has a redemption amount equal to $1.00; (iii) matures on the fifth Index Business Day prior to the Stated Maturity Date; and (iv) pays a coupon at a rate equal to 1.465% per annum daily, calculated on the basis of a 365-day year.

  • If the amount allocated to the 2004-1 Income 10 Buy-Write Index Portfolio is zero, each bond unit will comprise one "Notional Discount Bond" that: (i) is denominated in U.S. dollars; (ii) has a redemption amount equal to $1.00; (iii) matures on the fifth Index Business Day prior to the Stated Maturity Date; and (iv) pays a coupon at a rate equal to 1.50% per annum daily, calculated on the basis of a 365-day year.

  • If the amount allocated to the 2004-1 Income 10 Buy-Write Index Portfolio is zero, each bond unit will comprise one "Notional Discount Bond" that: (i) is denominated in U.S. dollars; (ii) has a redemption amount equal to $1.00; (iii) matures on the fifth Index Business Day prior to the Stated Maturity Date; and (iv) pays a coupon at a rate equal to 1.405% per annum daily, calculated on the basis of a 365-day year.


More Definitions of Discount Bond

Discount Bond means, except as otherwise stated in a Series Supplemental Indenture, any Bond or Bonds offered for sale to the public or sold to the initial purchaser thereof at the time of sale thereof by the Authority at an initial reoffering price or initial principal amount of less than ninety-seven percent (97%) of the principal amount at maturity thereof, without reduction to reflect underwriter’s discount or placement agent’s fees.
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Discount Bond means any Bond pursuant to the terms of which an amount less than the principal amount thereof may be due and payable upon a declaration of acceleration of the Maturity thereof.
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Discount Bond means any collateralized 30-year discount bond issued by the Borrower under the Financing Plan.
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Discount Bond. A bond selling below par, as interest in-lieu to the bondholders.
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Related to Discount Bond

  • Discount has the meaning set forth in Section 6.06.

  • Reference Bond means for any Reset Period a government security or securities issued by the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall be Germany) selected by the Issuer on the advice of an investment bank of international repute as having an actual or interpolated maturity comparable with the relevant Reset Period that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities denominated in the same currency as the Notes and of a comparable maturity to the relevant Reset Period.

  • Discount Rate means the rate used by the Plan Administrator for determining the Accrual Balance. The initial Discount Rate is six percent (6%). However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance.