NAC706.606. “Discount” defined.

Latest version.

“Discount,” as applied to the securities issued or assumed by the company, means the excess of the par (the stated value of no-par stocks) or the face value of the securities plus interest or dividends accrued at the date of the sale over the cash value of the consideration received from their sale.

[Taxicab Auth., Uniform System of Accounts Reg. Definitions § 16, eff. 12-24-70]

                    
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