Definition - zero-coupon bond

Below is the definition for the word you requested, useful for Scrabble and other word games. To find more definitions please use the dictionary page.

zero-coupon bond
  1. the commonest form of zero-coupon security
  2. 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