Forex glossary - Z
Zero-coupon bond - a bond that does not make interest payments during its term.
Zero Coupon Instruments - Fixed income instruments that do not pay a coupon but only pay principal at maturity; trade at a discount to 100% of principal before maturity with the difference being the interest accrued.
Zero Coupon Yield Curve - For zero coupon bonds, the graph of the yields to maturity of the series plotted by maturity.