Zero Coupon Bond

Zero Coupon Bond is a bond that pays no interest while the investor holds it. It is sold originally at a substantial discount from its eventual maturity value, paying the investor its full face value when it comes due, with the difference between what he paid initially and what he finally collected representing the interest he would have received over the years it was held.

Nearby pages
Zero coupon yield curve, Zero Energy State, Zero Exposure, Zeus, Zeuxis, ZFS