zero-coupon security

Noun
  1. A security that makes no interest payments but instead is sold at a deep discount from its face value (synset 113439996)
    is a type of: certificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends
    subtypes: zero coupon bond, zero-coupon bond - 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
    same as: zero coupon security

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