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Benson Kearley IFG helps you understand...

The world of insurance can be quite hard to understand. We’re here to provide you with terms you can understand, give you advice and offer our help—all right at your fingertips.

Insurance Glossary

Z

ZERO-COUPON BOND

A bond that is sold below face value, offers no interest payments, appreciates over time and distributes only one payment at maturity. The return is the difference between the price paid for the bond and the face value.

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