NON-INTEREST BEARING BOND Definition

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NON-INTEREST BEARING BOND is a bond issued at a discount from its par value and not paying any interest to the holder. The interest earned is determined by the difference between the redemption price and the purchased price. U.S. Treasury bills are an example of non-interest bearing bonds.

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AAHCPA is American Association of Hispanic CPAs.

LISTED COMPANY is a public company listed or quoted on a stock exchange.

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