noninterest-bearing bond definition - Dictionary

Dictionary

	nonexchangeable

	nonexecutive director

	nonexempt employee

	nonexistent

	nonexpense cash disbursement

	nonfat

	nonfeasance

	nonfiction

	nonfigurative

	nonfinancial asset

	nonflammable

	nonfood

	nonfuel

	nongonococcal urethritis

	nongovernmental organization

	nongraded

	nonhero

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