Zero-coupon bond

Definition
: a bond that is sold at a price significantly below face value, pays no annual interest, and is redeemable at full value at maturity
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Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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collateral estoppel

estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action

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