The critical thing about a discount bond is it pays no interest.

要记住贴现债券不支付利息

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The reasoning is usually based on a discounted-cashflow model; a lower bond yield means a lower discount rate and thus a higher present value for shares.

通常的理由是基于一个折现现金流量模型；较低的债券收益率意味着降低贴现率，从而提高股票的现值。

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Meanwhile, accounting standards have forced company pension schemes to discount their liabilities using a corporate-bond yield.

同时，会计准则驱使公司退休金计划使用公司债券收益率来降低负债。

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It's the most simple-- or often called a bill-- a discount bond does not pay interest; it's sold at a discount.

它是最简单的,经常被称为国库券,它是一种贴现债券,且不付息,并以折扣价发行

耶鲁公开课 - 金融市场课程节选

Well, there's a formula that's been used by bond traders for hundreds of years and it's a traditional expression, which goes from the discount rate to the price.

这里有个债券交易商,用了上百年的公式,这是个传统表达式,它能用折扣率算得价格

耶鲁公开课 - 金融市场课程节选

The critical thing about a discount bond is it pays no interest.

要记住贴现债券不支付利息

耶鲁公开课 - 金融市场课程节选

When pension funds calculate the value of their liabilities, they therefore use a bond yield to discount future payments.

ECONOMIST: How low real interest rates hurt pension funds

Private plans' use of a bond-based discount rate reflects that higher equity returns are not a free lunch--the firm will be required to cough up extra cash if the assets underperform.

FORBES

To this end we invite Greece, private investors and all parties concerned to develop a voluntary bond exchange with a nominal discount of 50% on notional Greek debt held by private investors.

FORBES: First Thoughts on the Eurozone Summit