MARKET DISCOUNT BOND is any bond having market discount except: short-term obligations with fixed maturity dates of up to 1 year from the date of issue, tax-exempt obligations that you bought before May 1, 1993, U.S. savings bonds, and certain installment obligations.
SHORT TERM INVESTMENTS are fixed income investments that mature in less than one year.
TRUE VALUE is the amount that a buyer is finally willing to pay.
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