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Zero coupon bonds

Zero coupon bond

What is a zero coupon bond?

A zero coupon bond is a bond that does not make interest payments. 

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This type of bond is issued at a discount to its maturity value and is redeemed at the maturity value, generating a return for the investor. 

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UK Treasury bills are an example of a zero coupon bond. 

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Zero coupon bonds can be issued by governments, municipalities, and companies. 

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Zero-Sum Game

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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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Clean price

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Packaged Retail and Insurance-based Investment Product (PRIIP)

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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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