Last Updated：2025/11/23

(usually used attributively, finance) A non-existent coupon. / (finance) A financial security that does not pay interest periodically.

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zero coupon

Source Word

zero coupon

Noun

attributive usually

(usually used attributively, finance) A non-existent coupon. / (finance) A financial security that does not pay interest periodically.

Japanese Meaning

金融分野において、クーポン（利息）が存在しない、すなわち定期的な利息支払いがない金融証券（ゼロクーポン債）を指す。

Because it was a zero coupon, the bond paid no periodic interest.

それがクーポンのない債券だったため、定期的な利息は支払われませんでした。

Sense（1）

(usually used attributively, finance) A non-existent coupon.

They decided to issue a note with a zero coupon.

Sense（2）

(finance) A financial security that does not pay interest periodically.

Their trademarked financial structure involved issuing several kinds of zero coupons.

zero coupons

（ plural ）