A security whose purchase price is determined by discounting the nominal amount to be repaid at a later date to the time of purchase. Only at the end of the term is the interest (and compound interest) paid out together with the redemption. – See annuity bond, compounding bond, commercial paper, federal financing treasury, zero-coupon bond.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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