Zero Coupon Bond definition

Zero Coupon Bond. Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

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Zero Coupon Bond means a bond which has a stated interest rate of zero per cent and on which no interest is payable until the maturity or early redemption of the bond, and is offered at a substantial discount from its original stated principal amount.

Zero Coupon Bond means a bond-

Examples of Zero Coupon Bond in a sentence

• The Zero Coupon Bond shall secure payment of the Company's obligations hereunder and, in the event of the Company's default and failure to pay obligations due Holders when due hereunder, the Trustee shall, subject to the provisions of Article 6 hereof, collect the proceeds thereof and distribute the same, first, to the Holders (pro rata, if necessary, in accordance with the Company's obligations), and second, the remainder, if any, to the Company.

• Notwithstanding the foregoing to the contrary, the Zero Coupon Bond is non-callable and the Trustee may not dispose of, or disburse the proceeds of, the Zero Coupon Bond until its maturity in 2015 and, provided further, the Trustee shall not undertake any action which could impair the value of the Zero Coupon Bond.

• The Principal Amount shall be secured by the Company's pledge of one or more non-callable United States government zero coupon securities whether one or more, (the "Zero Coupon Bond").

• The Zero-Coupon Bonds (being those Bonds that are issued at a discount to their face value) will be issued at an issue price such that the yield to maturity is reflected in the difference between the discounted issue price and the final redemption amount of such Zero Coupon Bond as specified in the applicable Pricing Supplement and/or Series Trust Deed.

• Zero Coupon Bond – A bond on which interest is not payable until maturity (or earlier redemption), but compounds periodically to accumulate to a stated maturity amount.

More Definitions of Zero Coupon Bond

Zero Coupon Bond. A bond that, at the time of determination, does not make periodic payments of interest.

Zero Coupon Bond means any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

Zero Coupon Bond. A loan or other debt security or instrument that, based on its terms at the time of determination, does not make periodic payments of interest.

Zero Coupon Bond means a Bond on which no coupon is payable until maturity.

Zero Coupon Bond means a Bond on which no interest is payable.

Zero Coupon Bond means a Bond in respect of which no interest is payable issued by the Issuer at a discount to its Principal Amount.

Zero Coupon Bond means a Collateral Debt Security that, pursuant to the terms of its Underlying Instruments, on the date on which it is purchased by the Issuer, does not provide for the payment of interest, or provides that all payments of interest will be deferred until the final maturity thereof.