zero-coupon

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

adjective

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

Nearby words

  1. zero tillage,
  2. zero tolerance,
  3. zero vector,
  4. zero-base,
  5. zero-base budgeting,
  6. zero-divisor,
  7. zero-emission,
  8. zero-emission vehicle,
  9. zero-point energy,
  10. zero-rate

Origin of zero-coupon

First recorded in 1975–80

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019