clip

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Clip

To separate a coupon from a bearer bond. A bearer bond contains no ownership information and the physical bearer is presumed to be the owner. The bond contains physical coupons that must be clipped in order to receive the interest payments. Bearer bonds have not been issued in the United States since 1982, and thus clipping has become a less common activity, applying only to long maturity bonds issued before then.

clip

To detach the interest coupons from a bearer bond. These coupons must be presented to a bank, a brokerage house, or the issuer's agent in order for the holder of the bearer bond to receive interest payments.
References in periodicals archive ?
The first break of the day saw three riders clip off the front by 20 seconds ( John Davidson (NFM/TRM) and Richard Sutcliffe (York Cycleworks) soon being joined by Steven Ward (VC Azzurri).
You could almost have predicted the next ball being dispatched to the boundary - Strauss duly obliged with a neat clip off his toes - and McGrath's unlikely transformation from surly fast bowler to hard-done-by old-timer was almost complete by the time Kevin Pietersen began to charge down the wicket with disdain to balls well short of a length.
Strauss mis-timed a clip off his legs to give Damien Martin a diving catch at mid-on and Cook edged behind with a delivery slanted across him to leave England battling.
Paul Huntington saw a header fly wide after a corner on 57 minutes, then Critchlow saw an angled effort clip off City full back James Blake and roll away for a corner.
Clip off one or two early-blooming magnolia buds when the buds are mature but haven't opened.
In the closing stages, Zoulfia Zabirova was allowed to clip off the front for a win, as she was already 53 seconds down from stage one and not considered a danger for the overall win.
But by the time James went his side required just two runs for victory and the in-coming Mark Wallace obliged with a clip off the legs for four as Glamorgan registered their second championship win of the season.
When he gets home each day, he heads for the garden to water and clip off spent roses so new ones will follow.
I'm just hoping I can be a clip off the old lock, as it were, and win by a head
The peptide gets the compound in sort of like the Trojan horse, and then you clip off those amino acids to release that warhead molecule,' Goldman says.
Before he had even scored, Strauss edged Morne Morkel just short of Paul Harris in the gully and there was a huge cheer from the healthy Oval crowd when he finally got off the mark with a clip off his legs for four off the same bowler from his 19th ball.