zero coupon security

English Thesaurus

1. a security that makes no interest payments but instead is sold at a deep discount from its face value (noun.possession)

hypernym	:	certificate, security,
definition	:	a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends (noun.possession)

hyponym	:	zero coupon bond, zero-coupon bond,
definition	:	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)