zero coupon security
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Cambridge M-W OneLook Google
{n: 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
{n: 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
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