ZERO COUPON


Meaning of ZERO COUPON in English

Function: adjective

Date: 1979

: of, relating to, or being an investment security that is sold at a deep discount, is redeemable at face value on maturity, and that pays no periodic interest < zero coupon municipal bonds>

Merriam Webster Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.