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
Flow of Funds
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.