Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio.
designating or of a bond sold at a discount and redeemed upon maturity at its face value, with no periodic payments of interest
Used by arrangement with John Wiley & Sons, Inc.
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Paying no interest to the holder until maturity or sale: a zero-coupon bond.