zero-coupon security

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Noun

zero-coupon security - a security that makes no interest payments but instead is sold at a deep discount from its face value

zero coupon security

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; the commonest form of zero-coupon security

certificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends; "he held several valuable securities"

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A zero-coupon security is a security that makes no scheduled interest payment but instead is sold at a discount from its par value.