A long-term debt security which does not pay interest. Instead it trades at a deep discount on the major exchanges and fluctuates more in price than coupon bonds. Investors make money by redeeming the bond at its face value when it matures. Zero coupon bonds are considered more risky than regular bonds because if the issuer defaults, the investor has not even received interest payments and therefore loses more money.
This definition is for general information purposes only
Many people have been left impressed after finding out about the 'little known' function they never knew existed
Samantha Davis, the wife of Star Wars and Harry Potter actor Warwick Davis and herself an actress, has died aged 53. Samantha co-founded the dwarfism charity Little People UK and featured in the final Harry Potter film, alongside Warwick. Warwick announced the news in a statement to the BBC, revealing she had died on 24 March.
The Prince of Wales has made his first public appearance since his wife, the Princess of Wales, announced she was battling cancer last month, and made a sweet promise to a Royal fan
The rock legend appeared live on the show with Ben and Cat Deeley to celebrate and reflect on his 40-year career with his band
The bank has issued a warning to its customers, with the 21 to 40 age group making up nearly half of all reported cases
While Western eyes are fixed on Tehran and Tel Aviv, Ukraine’s frontlines are showing clear signs of crumbling. There is a very real possibility they could crumble this summer if we do not throw the kitchen sink at Russia. Even if we do, it may already be too late for the weapons and munitions long promised by the West to save the day.
King Charles is said to have extended an olive branch to his youngest son and his wife by 'hinting' they should visit Balmoral this summer - but it could put the couple in a 'difficult position'.
Leaving bags on train seats is usually a no-no, but people have praised one woman for her actions.
Victoria Beckham marked her 50th birthday on Wednesday and her rarely-seen sister shared a fabulous photo of her Spice Girl sister. See photo.
Meghan Markle was on hand to congratulate her husband Prince Harry and his Royal Salute Sentebale team after they won the Royal Salute Polo Cup in Wellington, Florida
BBC Breakfast star Carol Kirkwood has been missing from the show this week. The weather presenter's absence comes after she shared an update on her health last week…
Springtime On The Farm returned to Channel 5 with Helen Skelton and Jules Hudson but fans had the same complaint for the show and the former Blue Peter presenter
The supermarket is urging customers to return the product for a full refund
The dancer confirmed the news to fans ahead of the BBC One dance contest returning later this year
There was a treat for Vera fans earlier this week when ITV aired the first ever episode of the much loved drama
The Duke and Duchess of Edinburgh's daughter Lady Louise Windsor has to follow a very antiquated rule with regards to her younger brother James, Earl of Wessex
The rest of Europe, Remainers like to tell us, is forging ahead into a glorious green future while Brexit Britain is stalling, the government backsliding one by one on its net zero commitments.
Louise Redknapp posed in a see-through lacy dress over black underwear as she enjoyed a night out for her friend's birthday, in a photo shared to social media on Wednesday
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This Morning guest Catherine was left stunned as she learnt the real value of her £10 charity shop bargain during the latest episode of the ITV chat show.
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