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Glossary   >   P   >   "Pure-discount bond" Definition            Pure-discount bond A bond that will make only one payment of principal and interest. Also called a zero-coupon bond or a single-payment bond. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Pure-discount bond - A bond that will make only one payment of principal and interest. Also called a zero-coupon bond or a single-payment bond.