Original Issue Discount (“OID”)
The amount by which the par value of a bond exceeds its issue price.
bond-basics
Par Value
The stated or face amount of a Bond. The Par Value is also referred to as the face amount.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Borrower
The party, often called a conduit borrower or conduit obligor, borrowing bond proceeds from the issuer and, in such case, is responsible for making interest payments and repaying principal of the bonds as it becomes due.