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Discounted basis

• Selling something on a discounted basis is selling below what its value will be at maturity, so that the difference makes up all or part of the interest.

 
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 Basis
Interest
Its
Maturity
Will
 
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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