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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.

QUIZZES

QUIZ YOURSELF ON “ITS” VS. “IT’S”!

Apostrophes can be tricky; prove you know the difference between it’s and its in this crafty quiz!
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On the farm, the feed for chicks is significantly different from the roosters’; ______ not even comparable.

Origin of zero-coupon

First recorded in 1975–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
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