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Meaning of zero-coupon note | Babel Free

Noun CEFR B2

Definitions

A promissory note that pays at maturity the value of the note with no separate interest payments, the effective interest arising from the discounted purchase price.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

zero-day zero-derivation zero-dimensionally zero-edge pool zero-emission vehicle zero-grade

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