Zero-coupon bonds and capital appreciation bonds

  1. Law
  2. Montana Code Annotated
  3. Local Government
  4. Debt Management
  5. County General Obligation Bonds
  6. Zero-coupon bonds and capital appreciation bonds

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7-7-2215. Zero-coupon bonds and capital appreciation bonds. The terms "zero-coupon bonds" and "capital appreciation bonds", as used in this part, mean those forms of bonds that do not make periodic interest payments but, rather, are sold at a discount from their face value.

History: En. Sec. 4, Ch. 559, L. 1993.


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