: The discount of a financial instrument is an amount less than the
full value of that instrument at maturity.
Different financial instruments may be discounted by different
percentages determined by a wide range of variables and circumstances.
: Fraudsters use the term discount
is to persuade a potential investor that a financial instrument such as a LETTER
OF CREDIT can be purchased from one bank, then taken to
another bank where it will be 'discounted', i.e. held at the second bank while a
portion of the value of the instrument is used for HIGH-YIELD
INVESTMENT. Scenarios may differ slightly, but
this is the basic scheme.
: The discount of a financial instrument is an amount less than the
full value of that instrument at maturity.
: Fraudsters use the term discount
is to persuade a potential investor that a financial instrument such as a