zero coupon securityglossary / zero-coupon security A security (esp. a bond) that is issued at a large discount but pays no interest.• The face value of the bond is payable at maturity. 词条贡献者 资深译员Gary,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与公共政策与战略有关的法律文件。