passive bond

• 无息债券

passive bond的用法和样例：

例句

1. As it does not pay a coupon, investors do not run the risk of reinvesting interest paid at a lower rate if interest rates fall during the life of the bond.
   因零息债券到期前不支付利息，投资人无须面对利息所得再投资的收益率下跌的风险。