zero-coupon: Meaning and Definition of

ze•ro-cou•pon

Pronunciation: (zēr'ō-k'pon, -ky'-), [key]

— adj.

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

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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