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 ?
However, curbs on spending and drastic cuts in reimbursement rates have clipped the wings of the European hospital information systems (HIS) market.
Mark Hadley and Mahroof Hussain were impressive as Colebridge Eagles clipped the wings of Colebridge Hawks 8-2.
Georges teams had good weekends, as the Eagles (Jacob Dooley 2, Charlie Ead-ie, Alex Forrester, Michael King, Lewis Swan-son, own goal) clipped the wings of Holy Rosary Hawks, winning 7-0, while the Tigers roared to a 6-1 win at Hudson Park (Sam Maguire) thanks to Tom Horrocks 2, Louis Reid, Elliot Murphy, Joe Carra-gher and Connor H arland.