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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 ?
Hoggard should have secured a second victim in his next over with captain Mohammad Wasim clipping off his legs to Michael Vaughan at short mid- wicket, but the chance was spilled.
attach themselves to the bell), of the R, immediately reshuffling the scale, urged into a diminishing scale again by two small pink triangles clipping off the ends of the horizontal bars of the E (if it is an E).
Clipping off that additional sugar branch from A and B cells transforms them into type O, averting the immune response.