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Nought has come to mean nothing in a mathematical context, i.e., it is used to indicate zero. Naught, however, is used in non-mathematical contexts when nothing is meant.

The meaning of NOUGHT is nothing. How to use nought in a sentence.

Both "naught" and "nought" are correct and old-fashioned, rarely used nowadays in English. But while "naught" is mainly used in the US, "nought" is the spelling preferred in the UK.

Nought means nothing or none, as in All of my efforts at winning the game were for nought because I lost badly. Nought also refers to zero. For example, if your math class is in Room One- Nought …

(Definition of nought from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

Nought is the number 0. 2 meanings: also: naught, ought, aught 1. the digit 0; zero: used esp in counting or numbering 2. → a variant spelling of naught.... Click for more definitions.