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Thread: term for face value - discount

  1. March 10th 2010, 11:42 AM #1
    megers3
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    term for face value - discount

    Tom Greene signed a note for $5,000 that was to run 6 months. The bank gave him $4,800.

    What is the $4,800 called?


    Is the $4,800 called a discounted loan or maturity value? I'm stuck!

    Thanks!
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  2. March 11th 2010, 04:47 PM #2
    Wilmer
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    Quote Originally Posted by megers3 View Post
    Tom Greene signed a note for $5,000 that was to run 6 months. The bank gave him $4,800.
    What is the $4,800 called?
    Is the $4,800 called a discounted loan or maturity value? I'm stuck!
    Probably called "loan proceeds".
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