Noun: zero-coupon bond
- (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 bonds are popular among investors who want to lock in a guaranteed return";
- zero coupon bond
Derived forms: zero coupon bonds, zero-coupon bonds
Type of: bond, bond certificate, zero coupon security, zero-coupon security
Encyclopedia: Zero-coupon bond