zero-coupon bond
English Thesaurus
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 (noun.possession)
| hypernym | : | bond, bond certificate, |
| definition | : | 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 (noun.possession) |
| domain category | : | corp, corporation, |
| definition | : | a business firm whose articles of incorporation have been approved in some state (noun.group) |
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