What is another word for zero-coupon security?
Pronunciation: [zˈi͡əɹə͡ʊkˈuːpɒn sɪkjˈʊ͡əɹɪti] (IPA) 
Zero-coupon security refers to a type of bond that is sold at a discounted price and does not offer periodic coupon payments. There are various synonyms for the term zero-coupon security, including discount bond or deep discount bond. The term is also interchangeable with the terms zero-yield bond or zero-coupon bond. These synonyms all refer to the same type of bond, which is sold at a discount and does not make regular interest payments. The lack of coupon payments makes zero-coupon securities ideal for long-term investments or retirement planning since they are relatively simple to understand and offer long-term growth opportunities.
