[Z001]
zero coupon bond
A certificate evidencing private or public indebtedness that provides no periodic interest payments to the bondholder (such as by annual coupons) during the life of the bond but that, instead, provides for a maturity value that is largely relative to the cost of the bond so as to reflect the absence of annual interest payments.
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100