noun
zero coupon bond
A bond that does not pay periodic interest but is issued at a discount and redeemed at face value. Used in financial contexts.
ゼロクーポン債は利払いがない代わりに、償還時に額面との差額が利益になります。
Zero coupon bonds do not pay interest; instead, the difference between the issue price and face value at redemption becomes the profit.
利付債 (coupon bond) pays periodic interest, while ゼロクーポン債 does not.
Loanword compound: ゼロクーポン (zero coupon) + 債 (bond).