Webster's Online Dictionary
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Specialty Expressions: EXCHEQUER BOND

ExpressionsDomainDefinition
Exchequer bondFinanceIs issued by the state, the interest being paid at issue in the form of discount; a short-term financial instrument which does not give any interest and is sold by the government at a discount through the central bank. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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