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Also available:
World English Dictionary
Dictionnaire Français
noninterest-bearing bond
non·in·ter·est-bear·ing bond
[
non íntrəst bairing bònd
]
(
plural
non·in·ter·est-bear·ing bonds
)
noun
Definition:
discounted bond:
a bond that pays no interest but instead is sold at a discount and later redeemed at face value
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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