zero coupon


  1. A non-existent coupon.
    They decided to issue a note with a zero coupon.
  2. A financial security that does not pay interest periodically.
    Their trademarked financial structure involved issuing several kinds of zero coupons.

The above text is a snippet from Wiktionary: zero coupon
and as such is available under the Creative Commons Attribution/Share-Alike License.

Need help with a clue?
Try your search in the crossword dictionary!