Discount bond

A bond that is purchased below face value(at a discount), and at the maturity date the face value is repaid. This type of bond does not make any interest payments; it just pays off the face value. Also called a zero-coupon bond.

Surety uncertainty: cancellation of surety bonds for self-insured workers' comp in two high-profile bankruptcies sparks debate on the best way to meet ... Comp).: An article from: Risk & Insurance

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Zero-coupon bond

Bonds

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