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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 ?
Understanding the Clippers also is not an exact science, but rather, an art.
The court continued, in its ruling signed for the courts, Chief Judge Donald Lay: "A clipper ship is clearly a common term which has enjoyed a common meaning and usage.
A Pan Am Clipper Connection 727/200 will be available for boarding and company executives will be present for reporters.
The 3M clipper 9671 with fixed head is both clinically proven and cost-effective.
But now, the Clippers are bracing themselves for a crucial six-game trip that gives them a chance to improve their 2-10 road record.
The Clippers, who came in having lost seven of eight, jumped on a shorthanded Celtics squad and took a 16-point lead after less than eight minutes, behind some sharpshooting from Tim Thomas and Elton Brand.
Clippers coach Mike Dunleavy and team leader Sam Cassell still have concerns about poor execution, missed assignments and in-game adjustments.
Instead of using their Russian trip for two-a-day practices, the Clippers found themselves snarled in traffic, adjusting to the 11-hour time difference and partaking in various public-relations events sponsored by the NBA.
Are you old enough to remember the last time the Clippers went to the playoffs, flashing a little promise along the way, and gave us a hearty ``Wait 'til next year''?
If you had to sum up nearly a month of Clippers playoff basketball in one play, it would be the sequence right after their double-digit lead over the Phoenix Suns shrank to four points with 10 minutes to play Sunday night at Staples Center, when L.