Question

Write short notes on Discount and Interest.

Answer 1

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Short-Term Discount Note. A debt security with a maturity of one year or less issued at a discount to its face value. For example, if a short-term discount note has a face value of $1000, it may be issued to the holder at $900.

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Answer 2

Diccount : can be also referred to as a deduction in price. The seller deducts the discount from the gross or total price, and the buyer is supposed to pay the net amount.

interest: Interest is the cost of borrowing money typically expressed as an annual percentage of the loan. For savers it is effectively the rate your bank or building society will pay you for borrowing your money. The money you earn on your savings is called interest.

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