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zero-coupon

[ zeer-oh-koo-pon, -kyoo- ]
/ ˈzɪər oʊˈku pɒn, -ˈkyu- /
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adjective
of or relating to a debt obligation that bears no interest but that is sold substantially below its face value.
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Origin of zero-coupon

First recorded in 1975–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use zero-coupon in a sentence

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