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zero coupon bond

zygnomic (zig-noh-mik), adj. Of, relating to, or involving an act whose evolution directly abridges the freedom of a person who bears a duty in the enjoyment of a legal advantage. • This rather abstract term was coined by the philosopher Albert Kocourek in his book Jural Relations (1927). Cf. MESONOMIC.

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coupon

coupon (koo-pon). An interest or dividend certificate that is attached to another instrument, such as a bond, and that may be detached and separately presented for payment of a definite sum at a specified time. — Also termed interest coupon.

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