zero-coupon
[
zeer
-oh-
koo
-pon, -
kyoo
-]
/ˈzɪər oʊˈku pɒn, -ˈkyu-/
adjective
1.
of or pertaining to a debt obligation that bears no interest but that is sold substantially below its face value.
Origin
1975-80
Examples from the web for
zero-coupon
For far-dated cash flows, the price is much cheaper than buying the cash flows through a
zero-coupon
bond ladder.