■ adjective denoting financial securities carrying a low rate of interest and issued at a discount to their redemption value, so mainly providing capital gain rather than income.
↘ N. Amer. heavily discounted.
■ adjective denoting financial securities carrying a low rate of interest and issued at a discount to their redemption value, so mainly providing capital gain rather than income.
↘ N. Amer. heavily discounted.
Concise Oxford English vocab. Сжатый оксфордский словарь английского языка. 2004