DEFINITION of 'Market Discount'. The difference between a bond's stated redemption price and its purchase price on the secondary market, if it has been purchased at a price below par. Market discount arises when a bond's value on the secondary market decreases after it has been issued, usually because of an increase in interest rates.
A chalazion is a small bump in the eyelid caused by a blockage of a tiny oil gland. A chalazion is caused by a blocked duct in one of the meibomian glands. These glands are located in the eyelid directly behind the eyelashes. They produce a thin, oily fluid that lubricates the eye.
A chalazion is generally not an infection. A chalazion often starts out as a very small red, tender, swollen area of the eyelid. In a few days, it may change to a painless slow-growing lump the size of a pea. A chalazion is often confused with a stye (or hordeolum), which is an infection of an oil gland in the eyelid. A stye produces a red, swollen, painful lump on the edge or the inside of the eyelid and usually occurs closer to the surface of the eyelid than chalazia.