Accrued Market Discount: A Comprehensive Guide to Its Legal Implications

Definition & Meaning

Accrued market discount refers to the increase in the market value of a discounted bond as it approaches its maturity date. Discounted bonds are sold for less than their face value, and their value is expected to rise gradually until they reach maturity. For instance, if a bond with a face value of two hundred dollars is purchased for one hundred dollars, its market value will increase over time, ultimately reaching two hundred dollars at maturity when it can be redeemed for its full face value. This appreciation in market value occurs independently of fluctuations in market interest rates.

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Real-world examples

Here are a couple of examples of abatement:

Example 1: A bond with a face value of five hundred dollars is purchased for three hundred dollars. Over the next five years, as it nears maturity, its market value rises to five hundred dollars, reflecting an accrued market discount of two hundred dollars.

Example 2: A bond purchased for four hundred dollars with a face value of six hundred dollars will gradually increase in value until it is worth six hundred dollars at maturity. (hypothetical example)

Comparison with related terms

Term Definition Difference
Accrued Interest The interest that has accumulated on a bond since the last interest payment. Accrued market discount refers to the increase in market value, while accrued interest is about earned interest.
Market Value The current price at which a bond can be bought or sold in the market. Accrued market discount specifically addresses the rise in value over time, not the current market price.

What to do if this term applies to you

If you are investing in discounted bonds, it's essential to understand how accrued market discount affects your investment's value. Consider using US Legal Forms to access templates that can help you manage your investment documentation. If your situation is complex or involves significant financial implications, consulting a financial advisor or legal professional is advisable.

Quick facts

  • Accrued market discount applies to discounted bonds.
  • Market value increases as the bond nears maturity.
  • This increase is not affected by interest rate changes.

Key takeaways

Frequently asked questions

It is the increase in the market value of a discounted bond as it approaches maturity.