zero-coupon bond
noun · n
Simple meaning
A bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond.
Pronunciation
Say it like this:
zihrohkoopawnbahndSay the bold part a little louder.
IPA pronunciation (US)
ˈzɪɹoʊˈkupɔnbɑnd
This word is pronounced essentially the same in American and British English, so one transcription covers both.
IPA (International Phonetic Alphabet) is a standard way of writing speech sounds.
Definition
Everyday modern meanings first, grouped by part of speech.
noun
A bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security
n
A zero-coupon bond (also discount bond or deep discount bond) is a bond in which the face value is repaid at the time of maturity.
Word Aura™
How this word commonly comes across.
Aura for this meaning
This meaning: A bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security
Used this way, zero-coupon bond is a specialist word with a faintly unfavourable edge. It carries more force than its gentler alternatives. It turns up most in technical or specialist writing contexts.
- Emotional tone
- Slightly negative
- Formality
- Specialist/technical
- Intensity
- Strong
- How common
- Specialized
- Connotation
- Critical or judgemental
- Usage feel
- Clinical and detached
Where it naturally appears
- Technical/specialist writing
Usage note
In general conversation this sense usually needs explaining — outside its field, people reach for a plainer word.
Word Aura describes common impressions, not a measurement. Tone changes with sentence, speaker, relationship and situation.
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