zero coupon

noun

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

I bought a zero coupon bond.

意味（1）

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

They decided to issue a note with a zero coupon.

意味（2）

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

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