Bonds sold without coupons at a deep discount from their face value. Bondholders receive interest when the bond matures or when it is subsequently sold.
ZERO COUPON BOND
Meaning of ZERO COUPON BOND in English
UNODC Money-Laundering terms English dictionary. Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам. 2012