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zero coupon bond
noun
(finance)
A
bond
(e.g.,
corporate
debenture
or
government
debt)
that
has
no
coupon
(i.e.,
pays
no
interest),
during
the
life
of
the
issue.
Such
a
bond
is
initially
sold
at
a
discount
to
its
face
value.
The
rate
of
return
to
the
holder
is
derived
from
the
gradual
appreciation
as
the
security
moves
toward
maturity.
bond dissociation energy
noun
polar covalent bond
noun
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