Zero-coupon securities have little risk, but they do have a few tax disadvantages.

零息债券没有什么风险，但他们确实有少数税务缺点。

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However it expressly does not prevent delivery of convertible or zero-coupon bonds.

然而，它并未明确排除可转换交割或零息债券。

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In the first case, we get the local default rate and the limit of credit spreads of zero-coupon bonds at time zero.

在第一种情形下，我们得到了局部违约率以及相应的零息债券在零时刻的信用利差的极限。

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When interest rates are low, most of the initial deposit goes into the zero-coupon bonds.

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The prudent planner will suggest gifts, trusts, loans and such prosaic savings vehicles as government zero-coupon bonds.

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Target 2025 invests in zero-coupon bonds, whose payout, as the fund's name suggests, is years in the future.

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