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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EARNING CAPACITY is the net average earnings at a given moment in time: past, current or future.

TALA is a currency of Samoa.

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