Because such bonds do not pay interest, they are sold at steep discounts.

It cannot, like private plans, choose to do business only with hospitals that give steep discounts.

"We look for steep discounts to replacement costs and limited risk," he added.

Another 33.7-year issue was offered at a steep discount without cash interest payments.

Off Broadway had an even longer list of offerings, also at steep discounts.

But much of the traffic was lured back by steep discounts.

As a result, such bonds are sold at steep discounts from their face value.

Yes, that was a steep discount to the $4.625 at which the shares closed the day before his offer.

A dealer who handles all three may offer a steep discount on the new car.

That is a steep discount from the firm's book value, which stands at about $31.