Discount Note
An unsecured corporate debt that is issued at a discount and matures at par. It is similar to a zero coupon bond or T-bill. Discount notes give institutional and retail investors convenient choices with respect to the investment size and maturity date for a short-term investment.
Investopedia Commentary
Maturity dates on discount notes typically range from one day to one year.
See also: Discount Bond, Maturity Date, T-Bill, Zero Coupon Bond