What is a zero coupon CD 2024?
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DEFINITION of 'Zero-Coupon Certificate Of Deposit (CD)' A certificate of deposit (CD) that is purchased at a largely discounted rate. It differs from a traditional CD in that interest payments are not received yearly, but rather as a lump sum at the date of maturity.
2023-05-13 10:09:10
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DEFINITION of 'Zero-Coupon Certificate Of Deposit (CD)' A certificate of deposit (CD) that is purchased at a largely discounted rate. It differs from a traditional CD in that interest payments are not received yearly, but rather as a lump sum at the date of maturity.