| NOUN | possession | zero-coupon bond, zero coupon bond | a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond |
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| Meaning | 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. | |
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| Synonym | zero coupon bond | |
| Category | corporation, corp | A business firm whose articles of incorporation have been approved in some state |
| government, governing, governance, government activity, administration | The act of governing | |
| Broader | bond, bond certificate | A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money |
| zero-coupon security, zero coupon security | A security that makes no interest payments but instead is sold at a deep discount from its face value | |
| Spanish | bono cupón cero | |
| Catalan | bo cupó zero, obligació cupó-zero | |
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