Zero Coupon Bond - Law Dictionary Search Results
Home Dictionary Name: zero coupon bond Page 1 of about 3 results (0.004 seconds)zero-coupon bond
zero-coupon bond see bond ...
Zero coupon bond
Zero coupon bond. means a bond:(a) issued by any infrastructure capital company or infrastructure capital fund or public sector company on or after the 1st day of June, 2005;(b) in respect of which no payment and benefit is received or receivable before maturity or redemption from infrastructure capital company or infrastructure capital fund or public sector com-pany; and(c) which the Central Government may, by notification in the Official Gazette, specify in this behalf. [Income Tax Act, 1961 (43 of 1961), s. 2(48)]....
STRIP
STRIP pl: STRIPs [separate trading of registered interest and principal of securities] : a Treasury security that entitles the investor usually to payment of interest or principal exclusively and that is registered in a Federal Reserve bank under a federal program that provides for such separate trading of the components of U.S. Treasury obligations compare zero-coupon bond at bond ...
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