minicoupon bond(redirected from Mini Coupon Bond)
A bond in which the coupon payments are lower than the market rate at the time of the bond's issue. Minicoupon bonds are usually sold at a discount from their face value so as to attract investors. Zero-coupon bonds are a subset of minicoupon bonds.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.