What is another word for zero-coupon bond?
Pronunciation: [zˈi͡əɹə͡ʊkˈuːpɒn bˈɒnd] (IPA) 
A zero-coupon bond is a type of bond that does not pay any interest over its life but is instead sold at a deep discount from its face value. Synonyms for zero-coupon bond include "deep discount bond," "pure discount bond," "discount bond," and "no-coupon bond." These bonds are typically long-term investments and are typically used to finance projects or initiatives that require significant capital. Zero-coupon bonds are popular among investors because they offer a guaranteed return on investment, with no fluctuation in interest rates over their life. They also provide a hedge against inflation, making them a valuable addition to any diversified investment portfolio.
