zero coupon bond

Thesaurus

Noun

1.

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; the commonest form of zero-coupon securityzero-coupon bondgoverning, government activity, government, governance, administration - the act of governing; exercising authority; "regulations for the governing of state prisons"; "he had considerable experience of government"corp, corporation - a business firm whose articles of incorporation have been approved in some statebond certificate, bond - 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 principalzero coupon security, zero-coupon security - a security that makes no interest payments but instead is sold at a deep discount from its face value