zero-coupon

[ zeer-oh-koo-pon, -kyoo- ]
/ ˈzɪər oʊˈku pɒn, -ˈkyu- /

adjective

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

QUIZZES

CAN YOU FEEL THE WEAL WITH THIS WORD OF THE DAY QUIZ?

Did you collect all of last week’s words, but eftsoons forget what they mean? Don’t worry, we’re here to jog your memory. See how many words from the week of May 18 to 24 you can get right!
Question 1 of 7
weal

Origin of zero-coupon

First recorded in 1975–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020