zero-coupon

[ zeer-oh-koo-pon, -kyoo- ]

adjective
  1. of or relating to a debt obligation that bears no interest but that is sold substantially below its face value.

Origin of zero-coupon

1
First recorded in 1975–80

Words Nearby zero-coupon

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024