English

Noun

zero coupon ‎(plural zero coupons)

1. (usually used attributively, finance) A non-existent coupon.

   They decided to issue a note with a zero coupon.

2. (finance) A financial security that does not pay interest periodically.

   Their trademarked financial structure involved issuing several kinds of zero coupons.

Synonyms

• (financial security without periodic interest): zero

Derived terms

• zero-coupon bond
• zero-coupon note