Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
coupon bond
A bond with attached interest coupons that the holder may present to receive interest payments. See BOND COUPON.
zero-coupon bond
.A bond paying no interest. ( It is sold at a discount price and later redeemed at face value, the profit being the difference. - Also termed passive bond. See zero-coupon security under SECURITY (4).