zero-coupon


ze·ro-cou·pon

(zîr′ō-ko͞o′pŏn, -kyo͞o′-, zē′rō-)adj. Paying no interest to the holder and sold at a discount from face value: a zero-coupon bond.

ze′ro-cou`pon



adj. (esp. of a bond) bearing no interest but sold substantially below face value. [1975–80]