| / English Dictionary |
ZERO-COUPON SECURITY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A security that makes no interest payments but instead is sold at a deep discount from its face value
Synonyms:
zero-coupon security; zero coupon security
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("zero-coupon security" is a kind of...):
certificate; security (a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends)
Hyponyms (each of the following is a kind of "zero-coupon security"):
zero-coupon bond; zero coupon bond (a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security)
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