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| Definitions by InvestorWords.com |
| What is...? |
| 1099-OID (Original Issue Discount) Original issue discount (OID) is the excess of an obligation's stated redemption price at maturity over its issue price (acquisition price for a stripped bond or coupon). OID is taxable as interest over the life of the obligation. If you are the holder of an OID obligation, generally you must include an amount of OID in your gross income each year you hold the obligation. Obligations that may have OID include a bond, debenture, note, certificate, Treasury inflation indexed securities, or other evidence of indebtedness having a term of more than one year. |
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