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The definition of Discount
is: The difference between a bond's current price and its par value. To apply news about a company in measuring its current stock price, for example, taking into account a change in management that has been anticipated for some time. The sale of securities, like bonds or closed-end mutual funds, at prices less than their face value. The relationship between two currencies. For example, the British pound may sell at a discount to the German mark.
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