zero coupon bond
Noun
-
referred to in:
- administration, governance, governing, government, government activity - the act of governing; exercising authority
- corp, corporation - a business firm whose articles of incorporation have been approved in some state
is a type of:- bond, bond certificate - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
- zero coupon security, zero-coupon security - a security that makes no interest payments but instead is sold at a deep discount from its face value
same as: zero-coupon bond
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