Zero-coupon Definition
zîrō-ko͝opŏn, -kyo͝o-, zērō-
adjective
Designating or of a bond sold at a discount and redeemed upon maturity at its face value, with no periodic payments of interest.
Webster's New World
noun
(usually used attributively, finance) A non-existent coupon.
They decided to issue a note with a zero coupon.
Wiktionary
(finance) A financial security that does not pay interest periodically.
Their trademarked financial structure involved issuing several kinds of zero coupons.
Wiktionary
Other Word Forms of Zero-coupon
Noun
Singular:
zero-coupon
Plural:
zero coupons
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