zero-coupon

[ zeer-oh-koo-pon, -kyoo- ]
/ ˈzɪər oʊˈku pɒn, -ˈkyu- /

adjective

of or relating to a debt obligation that bears no interest but that is sold substantially below its face value.

Origin of zero-coupon

First recorded in 1975–80

Words nearby zero-coupon

zero tillage, zero tolerance, zero vector, zero-base, zero-base budgeting, zero-coupon, zero-divisor, zero-emission, zero-emission vehicle, zero-point energy, zero-rate