Noninterest-bearing note

Definition:

A note without periodic interest payment, but selling at a discount and maturing at face value. See: Zero-coupon bond.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Minimum maintenance

The lowest required equity level that must be held with a broker in a margin account. See: margin call.

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