Definition of purchase discount
Proposition 103, requires insurers to give a 20 discount from their best prices to any qualified "good driver." In general, you are entitled to a good driver discount if you meet all of the following criteria: 1) You have been licensed to drive a motor.
Yield to maturity considers the bond's current market price, par value, coupon interest rate, and time to maturity in order to calculate a bond's return.Amortization works much like depreciation, in that it reduces the discount amount over time, so that when the bond freeborn bikes discount matures, the bond's carrying amount matches its par or face value.Lea Nathan, the 10 Steps of the Procurement Cycle.To allow for exaggeration in (a statement, opinion, etc.).(b) During the previous three years, he or she has not done any of the following: (1) Had more than one violation point count determined as provided by subdivision (a (b (c (d (e (g or (h) of Section 12810 of the Vehicle Code, but.Next Up, breaking down 'Discount Bond investors that purchase bonds are paid interest by the bond issuer. .1620s, "reckon as an abatement or deduction from Old French desconter (13c., Modern French décompter from Medieval Latin discomputare, from dis- (see dis- ) computare "to count" (see count (v.).To price (a bond or other debt security) at a reduction to its face value, especially in place of a coupon.A zero coupon bonds is a great example of deep discount bonds.The company was excited about the forward premium of the stock due to the fact that the spot futures were currently trading higher than the current ones.161525; on the model of French décompter discountable, adj.To offer goods or services at a reduced price.(c) During the previous seven years, he or she has not been convicted of a violation of Section 23140, 23152, or 23153 of the Vehicle Code, a felony violation of Section 23550 or 23566, or former Section 23175 or, as those sections read on January.
Held in low regard; not sought after or valued.
To sell or offer for sale at a reduced price: discounting all merchandise.Text of, proposition 103 as approved by the voters: Automobile Rates Good Driver Discount Plan 1861.02(b) (1) Every person who (A) has been licensed to drive a motor vehicle for the previous three years and (B) has had, during that period, not more than one.1979, 1986 HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012 Word Origin and History for discount.Alteration (influenced by dis- count ) of French décompter, from Old French desconter : des-, away ; see dis- conter, to count ; see count.An allowance made for exaggeration or bias, as in a report, story, etc.: Even after all the discounts are taken, his story sounds phony.Below the usual list price.(ii) Membership dues are paid solely for and in consideration of the membership and membership benefits and bear a reasonable relationship to the benefits provided.To offer for sale or sell at a reduced price.Other: For a narrative description of how Proposition 103 works, review An Analysis of California Proposition 103.Alternatively, you could sell your bond for a lower price originally, so that the difference matches the amount of projected interest, and not have to worry about making interest payments at all.
Because of this, investors who buy into these securities are very speculative, possibly even making a play for the company's assets or equity.
Any insurer that violates clause (i (ii or (iii) shall be subject to the penalties set forth in Section 1861.14.