As the name suggests, these are bonds that pay no coupon or interest. Instead of getting an interest payment, you buy the bond at a discount from the face value of the bond, and you are paid the face amount when the bond matures. For example, you might pay $3,500 to purchase a 20-year zero-coupon bond with a face value of $10,000.
High fidelity (often shortened to hi-fi or hifi) reproduction is a term used by home stereo listeners, audiophiles and home audio enthusiasts to refer to high-quality reproduction of sound to distinguish it from the lower quality sound produced by inexpensive audio equipment, or the inferior quality of sound reproduction that can be heard in ...
The Bottom Line The Fluance Signature Series Hi-Fi Three-Way Floorstanding Speakers offer gorgeous looks, impressive size and exciting sound quality. At the budget end of the A/V spectrum, Canadian company Fluance has been making its name as a high-quality speaker manufacturer since the turn of the century.