Finance Glossary Definition (English)
Zero-Coupon Bonds Defined
The following is in context to Finance, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"A deep discount municipal bond on which no current interest is paid. Instead, at bond maturity, the investor receives compounded interest at a specified rate. The difference between the discount price at purchase and the accreted value at maturity is not taxed as a capital gain but is considered tax-exempt interest. Widely used for college savings bonds."
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Additional Zero-Coupon Bonds Definition Starting Points
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Expert Dictionary: Zero-Coupon Bonds
