zero coupon bond

1. 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 (synset 113362067)
   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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