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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

of or pertaining to a debt obligation that bears no interest but that is sold substantially below its face value

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Usage examples (32)
  • Do not try to figure out what zero-coupon bonds are.
  • Then buy a zero-coupon bond for that amount and maturity date.
  • For hedging purposes, zero-coupon bonds generally yield more than Series EEs.
  • – You should use a zero-coupon or discount bond like the T-Bill for the USA.
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