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 a small bump that appears on your eyelid because of a blocked oil gland. Itâs similar to a stye (an enflamed oil gland on the eyelid), but is usually smaller and less painful. It can develop on the upper or lower eyelid, and it often disappears without treatment in about one month.