zerokuponkisia

Zerokuponkisia is a fictional financial instrument described in speculative economics and science-fiction world-building. The term denotes a zero-coupon style debt claim whose redemption is settled in a predefined basket of assets, goods, or services rather than cash. The concept is used to explore how debt contracts might function when settlement is mediated by supply chains, digital tokens, or governance rules.

Mechanism: It is issued at a discount to its face value and pays a single settlement at maturity. The redemption amount is defined by a rule set that maps time to a basket or token value, often using an oracle to determine the exact composition. Because no periodic coupon is paid, the instrument embodies time value through the agreed settlement rather than through periodic yield. Maturity can be fixed or contingent on external conditions such as price indices or governance outcomes.

Variants: In some narratives, zerokuponkisia redeem into a fixed bundle of essential goods; in others, into a diversified digital token basket or access rights. Some versions include optional early settlement clauses or step-up features tied to macroeconomic indicators.

Reception and use: As a fictional construct, zerokuponkisia is used to discuss issues of valuation, risk transfer, and the social function of money in closed systems. Critics note practical challenges such as valuation, liquidity, and enforceability in real markets.

See also: zero-coupon bond, tokenized assets, oracle, basket of goods.