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

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Performance shares

Shares of stock paid out to managers only if the company makes certain sales, earnings per share, or other similar criteria.

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