Zero-Percent Certificate of Indebtedness or Zero-Percent C of I

Definition:

A Treasury security that does not earn any interest. It is intended to be used as a source of funds for traditional Treasury security purchases.

Investing Essentials


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

Term of the Day

Fail

A deal is said to fail if on the settlement date either the seller does not deliver securities in proper form or the buyer does not to deliver funds in proper form.

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