Local English word record

zero coupon bond

noun · 1 sense

a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security

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zero-coupon bond

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This page uses the locally materialized K5English vocabulary cohort. WordNet, where present, is enrichment only and does not determine K-5 admission.

Princeton WordNet 3.0