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Definition of Zero-coupon note
1. Noun. (finance) A promissory note that pays at maturity the value of the note with no separate interest payments, the effective interest arising from the discounted purchase price. ¹
¹ Source: wiktionary.com
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1. Noun. (finance) A promissory note that pays at maturity the value of the note with no separate interest payments, the effective interest arising from the discounted purchase price. ¹
¹ Source: wiktionary.com