Second, it has been trading in low-risk, low-return Treasury debt and buying higher-yielding private debt—discount loans to banks, commercial paper, and mortgage-backed securities, for example.

其二，美联储已经在交易低风险，低回报的国债和购买高收益的私人债券-例如银行贴现贷款，商业票据，和抵押担保证券。

youdao

The interest deducted prior to purchasing, selling, or lending a commercial paper; the discount rate.

贴现率在购买、出售或贷款的商业票据前削减利息；贴现率。

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The paper concludes that diversification discount or premium depends on corporate characteristics and diversification is neutral.

本文认为多元化本身是中性的，多元化折价或多元化溢价的产生取决于公司特性。

youdao

It will be convenient not to have to ask for and carry any more paper receipts or physical discount vouchers, because they will be emailed to our mobile phones and personal computers.

FORBES: The Perils Of A Cashless Society

This market has burgeoned as increasingly debt-laden companies sell paper at a 13-14% discount to face value in an effort to stay afloat.

ECONOMIST: Banking in South Korea

The white paper will allow councils to eliminate that discount.

ECONOMIST: Clouds over the countryside | The