Mesoscale eddies in Oxygen Minimum Zones (OMZs) have been identified as important fixed nitrogen (N) loss hotspots that may significantly impact both the global rate of N-loss as well as the ocean's N isotope budget. They also represent "natural tracer experiments" with intensified biogeochemical signals that can be exploited to understand the large-scale processes that control N-loss and associated isotope effects (ε; the ‰ deviation from 1 in the ratio of reaction rate constants for the light versus heavy isotopologues). We observed large ranges in the concentrations and N and O isotopic compositions of nitrate (NO 3 À ), nitrite (NO 2 À ), and biogenic N 2 associated with an anticyclonic mode-water eddy in the Peru OMZ during two cruises in November and December 2012. In the eddy's center where NO 3 À was nearly exhausted, we measured the highest δ 15 N values for both NO 3 À and NO 2 À (up to~70‰ and 50‰) ever reported for an OMZ.Correspondingly, N deficit and biogenic N 2 -N concentrations were also the highest near the eddy's center (up tõ 40 μmol L À1 ). δ 15 N-N 2 also varied with biogenic N 2 production, following kinetic isotopic fractionation during NO 2 À reduction to N 2 and, for the first time, provided an independent assessment of N isotope fractionation during OMZ N-loss. We found apparent variable ε for NO 3 À reduction (up to~30‰ in the presence of NO 2 À ).However, the overall ε for N-loss was calculated to be only~13-14‰ (as compared to canonical values of 20-30‰) assuming a closed system and only slightly higher assuming an open system (16-19‰). Our results were similar whether calculated from the disappearance of DIN (NO 3 À + NO 2 À ) or from the appearance of N 2 and changes in isotopic composition. Further, we calculated the separate ε values for NO 3 À reduction to NO 2 À and NO 2 À reduction to N 2 of~16-21‰ and~12‰, respectively, when the effect of NO 2 À oxidation could be removed. These results, together with the relationship between N and O of NO 3 À isotopes and the difference in δ 15 N between NO 3 À and NO 2 À , confirm a role for NO 2 À oxidation in increasing the apparent ε associated with NO 3 À reduction. The lower ε for N-loss calculated in this study could help reconcile the current imbalance in the global N budget if representative of global OMZ N-loss.