zero-coupon
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
Describing a bond that pays no periodic interest but is issued at a discount to face value.
The zero-coupon notes accreted toward par, deferring the cash cost of the debt to maturity.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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