zero-coupon bond

(redirected from Capital Appreciation Bonds)
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Related to Capital Appreciation Bonds: Zero Coupon Bonds
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  • noun

Synonyms for zero-coupon bond

a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond

References in periodicals archive ?
(30.) For this reason and others, some states (including Michigan) have prohibited municipalities from using Capital Appreciation Bonds. See Fudge, supra note 28.
Dale filed a bill this week aimed at restricting how school districts can issue capital appreciation bonds. But school officials at some of the state's fastest-growing districts, like Leander, in Dale's district, have countered that the state limits on borrowing have made those bonds their best option for raising the money necessary to stem overcrowding.
--$27.5 million first tier 2013B (capital appreciation bonds);
Amortization of direct debt is below average, partly due to the use of capital appreciation bonds in several prior issuances.
Amortization is rapid, despite modest use of capital appreciation bonds. The city maintains a public debt amortization fund ($61.9 million in 2014) which is governed by state statute and the city commission.
Direct debt consists of current Interest bonds, capital appreciation bonds (CABs) and Convertible CABS.
ELEVATED DEBT: Debt levels are elevated and amortization is slow, in part due to the use of capital appreciation bonds (CABs).
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