Zero-Coupon Bond
A zero-coupon bond is a debt security that pays no interest during the term of the loan. Instead, these accrual bonds, which trade at a deep discount, offer full face value profits at maturity.
Glossary
A zero-coupon bond is a debt security that pays no interest during the term of the loan. Instead, these accrual bonds, which trade at a deep discount, offer full face value profits at maturity.
