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

Return on sales

A measurement of operational efficiency equalingnet pre-tax profits divided by net sales expressed as a percentage.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio