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Discount

Definition: Difference between the price of a security and its redemption value. Definition: [crh] Convertible: Difference between gross parity and a given convertible price. Most often invoked when a redemption is expected before the next coupon payment, making it liable for accrued interest. Antithesis of premium.
General: Information that has already been taken into account and is built into a stock or market.
Straight equity:Definition: Price lower than that of the last sale or inside market.

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