DISCOUNT PAPER Definition

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DISCOUNT PAPER is securities that are issued at a discount and mature at face, or par value. The difference, rather than coupon payments, represents the interest earned at maturity .

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UNSYSTEMATIC RISK, in securities, is price fluctuations resulting from the unique characteristics of specific securities. Unsys­tematic risk generally is eliminated in a well diversified portfolio. Also known as non-systematic risk.

ASWA is American Society of Women Accountants.

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