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zero-coupon bond vs bond certificate

bond certificate vs zero-coupon bond

zero-coupon bond and bond certificate both are nouns.

Word NounAdjectiveVerbAdverb
zero-coupon bond Yes No No No
bond certificate Yes No No No
As nouns, bond certificate is a hypernym of zero-coupon bond; that is, bond certificate is a word with a broader meaning than zero-coupon bond:
  • zero-coupon bond: 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
  • bond certificate: 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
Other hypernyms of zero-coupon bond include bond, zero-coupon security, zero coupon security.
zero-coupon bond (noun) bond certificate (noun)
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
Difference between zero-coupon bond and bond certificate

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