Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
zero-coupon bond | Yes | No | No | No |
bond certificate | Yes | No | No | No |
zero-coupon bond (noun) | bond certificate (noun) |
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a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security | a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal |