Zero Coupon Bond Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Zero Coupon Bond, written in plain English, along with examples of how it is used.

What is Zero Coupon Bond?

A bond that is purchased at a discount and does not issue interest payments. [Zero coupon bonds](https://studyfinance.com/zero-coupon-bond-value/) are redeemed at its face value on its maturity date.