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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 ?
Clippers doctor Tony Daly says the 21-year-old Livingston could miss all of next season, but he also offered a six-month possibility as the best- case scenario for a return.
Beginning June 30, 2005 The Pan Am Clipper Connection will add regularly scheduled non-stop jet service from Stewart International Airport to Clearwater-St.
3M brought the first surgical clipper to market, and now we've eliminated the decision of whether to purchase corded or battery-operated surgical clippers, or both.
Established in 1993, and based in Wellesley, Massachusetts, The Clipper Group is an independent consulting firm specializing in acquisition decisions and strategic advice regarding complex, enterprise-class information technologies.
One of the things I was little disappointed about with our team is you got to get him the ball,'' Clippers coach Mike Dunleavy said.
New AlliedSignal gas turbine engines in the Victoria Clipper IV will reduce travel time between Seattle and Victoria by 45 minutes (from 2-1/2 hours to 1-3/4 hours) and double the vessel's horsepower from 5,000 to 10,000.
Instead, the Clippers were left to face the Boston Celtics in a matchup of teams desperate for some positive momentum.
So just 72 hours after their 29-point beatdown in San Antonio, the shorthanded Clippers faced the Spurs again and hoped for the best.
But again, the Clippers had ugly stretches that let the Grizzlies hang around, even though they built a 22-point lead.
Brand's production finally popped up, as he had 22 points and 10 rebounds, and the Clippers held the New Orleans/Oklahoma City Hornets to just 12 fourth-quarter points in a 92-76 victory Sunday at Staples Center.
This past week, the Clippers learned what Korolev was talking about when they visited Russia for an eight-day jaunt to begin training camp.
Facing the end of a postseason run is harder for the Clippers than for most basketball teams, since they never know how long they'll have to wait for the start of the next.