Discount

{
  "id": "MLC-T-FIN-000120",
  "term": "Discount",
  "field": "Finance and investing",
  "definition": "A bond sold before it matures might not sell at full par value. If it sells below par, it is selling at a discount.\n\nExchange-traded funds (ETFs) and other publicly traded funds trade at a discount when the market price of a fund share is lower than the fund’s NAV per share.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/discount/"
}