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

Examples of zero coupon in a Sentence

Recent Examples on the Web

Those notes are significantly discounted, with the company receiving just 50 cents in cash for every dollar accrued as zero coupon debt. Lukas I. Alpert, WSJ, "National Enquirer Parent, Staunch Trump Backer, Faces Mounting Debt, Shrinking Sales," 19 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'zero coupon.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of zero coupon

1979, in the meaning defined above

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The first known use of zero coupon was in 1979

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