from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun finance A
bond(e.g., corporate debentureor government debt) that has no coupon(i.e., pays no interest), during the life of the issue. Such a bond is initially sold at a discountto its face value. The rate of return to the holder is derived from the gradual appreciationas the securitymoves toward maturity.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun 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
Sorry, no etymologies found.
Sorry, no example sentences found.