What is the definition of Accretion of discount? | Dictionary.net

ACCRETION OF DISCOUNT

\ɐkɹˈɛʃən ɒv dˈɪska͡ʊnt], \ɐkɹˈɛʃən ɒv dˈɪska‍ʊnt], \ɐ_k_ɹ_ˈɛ_ʃ_ə_n ɒ_v d_ˈɪ_s_k_aʊ_n_t]\

Definitions of ACCRETION OF DISCOUNT

1910 - Black's Law Dictionary (2nd edition)

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The process of adjusting the BOOK VALUE of a BOND purchased at a DISCOUNT to reflect the effects of a noncash payment of COUPON interest as maturity approaches. See also ACCRETION, AMORTIZATION, ORIGINAL ISSUEDISCOUNT.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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