Track up to 10 of your favourite stocks
ILC Glossary of Financial Terms: Z
From Zero Coupon Bonds
- Zero Coupon Bonds:
Usually high quality federal or provincial government bonds originally issued in bearer form, where some or all of the interest coupons have been detached. The bond principal and any remaining coupons trade separately from the strip of detached coupons, both at substantial discounts from par. Also called strip bonds.