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Zero Coupon Bonds: Bonds issued by corporations or municipalities that do not pay periodic interest, but instead are purchased at a deep discount from par and are redeemed at maturity at face value. Frequently used by those with a specific long-term investment goal in mind such as a child's college tuition at par value. Zero-Minus Tick: A stock trade at a price that is equal to the preceding trade but lower than the last different price. Zero-Plus Tick: A stock trade at a price that is equal to the preceding trade but higher than the last different price. |