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Term: Banking -> Discount Yield
Term:

Discount Yield

Definition:

A yield obtained by dividing a security's discount by its face value, multiplying that number by the approximate number of days in the year (360), divided by the number of days left to maturity. The figure provides the interest on a security's face value instead of on the amount of money invested. discount / face amount x 360 / days to maturity

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Research and Development

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