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.
There are a few chalazion removal options to consider if youâre one who suffers from this condition. A chalazion is a cyst that usually occurs in the upper eyelids, and while normally painless and benign, it can be disfiguring to the face and cause serious self-esteem issues.