zero coupon

English

Noun

zero coupon (plural zero coupons)

  1. (usually used attributively, finance) A non-existent coupon.
    They decided to issue a note with a zero coupon.
  2. (finance) A financial security that does not pay interest periodically.
    Their trademarked financial structure involved issuing several kinds of zero coupons.

Synonyms
  • (financial security without periodic interest): zero

Derived terms
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