What is ZERO-COUPON BOND?

Bond that (1) pays no interest but is sold subpar, (2) interest paying bond stripped of its coupon. Also known as non-interest bearing bond, zero interest bond, zero rated bond.

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Related Legal Terms
ZERO COUPON BOND, ZERO COUPON CONVERTIBLE BOND, BOND COUPON RATE, ZERO COUPON CONVERTIBLE, LONG COUPON, ACCRUAL BOND, SPLITCOUPON BOND, BOND VALUE, SHORT COUPON, DEEP DISCOUNT BOND


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