| Library / English Dictionary |
ZERO-COUPON BOND
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
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
Synonyms:
zero-coupon bond; zero coupon bond
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("zero-coupon bond" is a kind of...):
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; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)
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)
Domain category:
administration; governance; governing; government; government activity (the act of governing; exercising authority)
corp; corporation (a business firm whose articles of incorporation have been approved in some state)
