A bond that sells at a significant discount (usually 20% or more) from face...
A bond issued with a very low coupon or no coupon and selling at a price far below par value. When the bond has no coupon, it's called a zero coupon bond.
It is a debt instrument issued with a very low coupon. They sell at substantial discount of their par value and are therefore referred to as deep discount bonds. A case of deep discount bond with no coupon called a zero coupon bond.
A bond issued with a very low coupon or no coupon that sell at a price far below par value. A bond that has no coupon is called a zero-coupon bond.
Bonds selling at a large discount because their coupon is below going market rates.
deferred interest bond discount bond