zero coupon bond
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Related to Discount bonds: Deep Discount Bonds
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Noun | 1. | ![]() governing, 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 state bond 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 principal 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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