zero-coupon Hear it!

zero-coupon definition

zero-coupon (-ko̵̅o̅′pän)

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 College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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