A security trade that occurs at the same price as the preceding trade but at a higher price than the last trade of a different price.
Zero-Plus Tick
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Zero-Coupon Bonds
A bond that doesn't pay interest but makes up for it by trading at a deep discount, rendering profit at maturity when it is redeemed.
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Zero-Coupon CD
A zero-coupon certificate of deposit is bought at a discounted rate. It doesn't pay out interest yearly but as a flat amount at maturity.
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Zero-Minus Tick
A security trade that occurs at the same price as the preceding trade but at a lower price than the last trade of a different price.
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