TeachMeFinance.com - explain True discount
True discount -- If interest is deducted at the time a loan is
obtained it is called true discount if the amount received plus
the interest equals the amount to be paid at the maturity of
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.