Coupon Clipping

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Coupon Clipping

The practice of finding discounts on consumer goods such as groceries. One presents pieces of paper representing these discounts (called coupons) to receive the discount. The coupons are cut out of ("clipped" from) a periodical such as a newspaper or magazine. These coupons should not be confused with the coupons on bonds.

coupon clipping

The removal of interest coupons attached to a bearer bond in order that they might be taken to a bank or sent to a paying agent for redemption. Coupon clipping is necessary because owners of bearer bonds do not automatically receive interest checks in the mail every six months.

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