Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does bank discount yield mean?

SEARCHING
bank discount yield
(BDY; rBD)
Noun

The annualized discount rate expected from the face value of a money market instrument on an actual/360-day simple interest basis (i.e., without compounding) expressed as a percentage of the instrument’s face value to be received at maturity.

Synonym(s): 
  • discount yield; discount-basis yield.
top
© 2015-2020 Pecunica LLC.  All rights reserved.