Skip to definition.
Get the FREE one-click dictionary software for Windows or the iPhone/iPad and Android apps


Noun: zero coupon bond
  1. (corporation) 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
    - zero-coupon bond

Derived forms: zero-coupon bonds

Type of: bond, bond certificate, zero coupon security, zero-coupon security

Encyclopedia: Zero coupon bond