zero-coupon: Meaning and Definition of

ze•ro-cou•pon

Pronunciation: (zēr'ō-k'pon, -ky'-), [key]
— adj.
  1. of or pertaining to a debt obligation that bears no interest but that is sold substantially below its face value.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
zero-base budgeting zero defects
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