An 'original issue discount bond' is a coupon bond issued at a discount.

Name: An 'original issue discount bond' is a coupon bond issued at a discount.
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An original issue discount bond is a bond issued at a discount to its face value, and it does not pay interest (coupons) like a regular bond. Instead, the bond is sold at a discount and the investor receives the full face value at maturity.

An 'Original Issue Discount Bond' Is a Coupon Bond Issued