Zero-coupon bond
- Japanese
- 割引債
- Last reviewed
- September 25, 2026
This is a draft, shown for review before publication.
A zero-coupon bond is a bond that pays no coupon (interest) and is issued at a price below its face value. Its yield is set by the difference between the face value and the issue price and by the time to maturity.
Related terms
Pages that use this term
- Compounding and Discounting
- Zero Rates and Forward Rates
- Bootstrapping a Yield Curve
- Valuing an Interest Rate Swap
- Bermudan Swaptions
- Power Reverse Dual Currency (PRDC)
- Dividend Swaps and Futures
- Equity Index-Linked Notes
- Digital Coupon Notes
- No-Arbitrage and Replication
- Implied Volatility
- The Hull-White Model
- The LIBOR Market Model (LMM)