Zero Rate Interest Payment

A Zero Rate Interest Payment, also known as a Discounted Payment, is a financial arrangement where the borrower does not make periodic interest payments, but instead pays a lump sum at maturity that includes both the principal and the interest. The interest, in this case, is represented by the difference between the amount received at issuance and the higher amount paid at maturity, effectively being "discounted" from the face value.

IRI: http://lmss.sali.org/RC7s5f75QCH3uGxumC1UEv0
Branch: Event

Also known as

Discounted Interest Payment, Pure Discount Bond, Zero-Coupon Bond

Ancestry paths

Event Payment Event Interest Payment Types
Event Bankruptcy and Restructuring Events Payment Event Interest Payment Types

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