Original Issue Discount (“OID”)
The amount by which the par value of a bond exceeds its issue price.
The stated or face amount of a Bond. The Par Value is also referred to as the face amount.
Learn about over various terms and concepts that may arise while preparing a bond issue.
The amount by which the par value of a bond exceeds its issue price.
A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an indenture or a bond resolution and may also refer to a document prepared by an underwriter or municipal advisor to show the sources and deposits at the closing.