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zero-coupon

[zeer-oh-koo-pon, -kyoo-] /ˈzɪər oʊˈku pɒn, -ˈkyu-/
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
1975-1980
First recorded in 1975-80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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