coupon

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Coupon

The contractual interest obligation a bond or debenture issuer covenants to pay to its debtholders.

Coupon

The interest paid on a bond. That is, the coupon is the amount that the issuer must pay to the holder of each bond in exchange for investing in that bond. Coupons usually are paid every six months. They are called coupons because formerly they were represented by physical coupons on the bond certificate that had to be clipped and returned to the issuer to receive the interest payment. With the advent of computers, this has become much less common.

coupon

1. The annual interest paid on a debt security. A coupon is usually stated in terms of the rate paid on a bond's face value. For example, a 9% coupon, $1,000 principal amount bond would pay its owner $90 in interest annually. A coupon is set at the time a security is issued and, for most bonds, stays the same until maturity.
2. The detachable part of a coupon bond that must be presented for payment every six months in order to receive interest. See also clip, coupon clipping.

Coupon.

Originally, bonds were issued with coupons, which you clipped and presented to the issuer or the issuer's agent -- typically a bank or brokerage firm -- to receive interest payments.

Bonds with coupons are also known as bearer bonds because the bearer of the coupon is entitled to the interest.

Although most new bonds are electronically registered rather than issued in certificate form, the term coupon has stuck as a synonym for interest in phrases like the coupon rate.

When interest accumulates rather than being paid during the bond's term, the bond is known as a zero coupon.

coupon

  1. a voucher used as a means of promoting the sale of a product which is offered to buyers of the product to be redeemed for cash, gifts or other goods. Coupons can be mailed direct to households, printed in newspapers and magazines, incorporated into the packaging of the product, or distributed in a shop. See SALES PROMOTION.
  2. a detachable slip which forms part of a SHARE CERTIFICATE or BOND and which is presented in order to claim the owner's entitlement to dividends or interest paid out on the security.

coupon

  1. 1a document that shows proof of legal ownership of a FINANCIAL SECURITY and entitlement to payments thereon; for example, a SHARE certificate or BEARER BOND certificate.
  2. a means of promoting the sale of a product by offering buyers of the product coupons that can be redeemed for cash, gifts or other goods.
References in periodicals archive ?
We are very pleased to be working with National Health Partners and introducing the benefits of our state-of-the-art online service engine for drug and medication coupons and rebates to its members," stated William Thomas, President and Co-Founder of the Internet Coupon Exchange.
The increase in dealing this summer traced to coupons, especially internet coupons, "buy some/get some free," and discounted price.
There are also internet coupons available through the Car Credit Center website.
Internet coupons are also 31% more likely to be redeemed than any other type of coupon, while 2010 saw a 15% decline in newspaper coupons.
In addition to its flagship blue envelope coupon mailer, the brand provides its business customers an impressive portfolio of digital products, including Valpak Deals[R], Smartphone apps, QR Codes, print-at-home Internet coupons and SMS/text messaging to reach consumers at home and on-the-go.
The redeemed value of mobile coupons is 24 percent higher than Internet coupons and nearly half as high as paper ones.
In addition to its flagship Blue Envelope coupon mailer, the brand provides its business customers an impressive portfolio of digital products, including "Valpak Deals[R]," Smartphone apps, QR Codes, Print-at-home Internet coupons and SMS/Text Messaging to reach consumers at home and on-the-go.
App users get access to the full Briggs Auto inventory, internet coupons, service scheduling, driving direction and more.
22 Startup Expo at Santa Clara University offers students the chance for an internship at one of dozens of Silicon Valley startups in areas like Internet coupons, solar power, online retail, and customized iPhone apps
Internet coupons and online shopping deals can be found all over the web; we've simply eliminated the search phase, and provide our site visitors with direct links to great deals and retailers.
NEW YORK, July 17 /PRNewswire/ -- Internet coupons are of increasing interest to consumers, according to a recent analysis by consumer and media measurement firm Scarborough Research.

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