Dictionary

zero coupon

adjective

Definition of ZERO COUPON

:  of, relating to, or being an investment security that is sold at a deep discount, is redeemable at face value on maturity, and that pays no periodic interest <zero coupon municipal bonds>

First Known Use of ZERO COUPON

1979

Browse

Next Word in the Dictionary: zero driftPrevious Word in the Dictionary: zero–beat receptionAll Words Near: zero coupon
April 27, 2015
savvy Hear it
to understand
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears