Coupon Bond(redirected from Coupon (bond))
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A bond containing no ownership information and for which the physical bearer is presumed to be the owner. Coupons are physically attached to the bond and must be presented to the issuer to receive interest payments. Coupon bonds have not been issued in the United States since 1982, and thus they have become a significantly less important activity; most references to bearer bonds apply to very old bonds that have not yet matured. See also: Clipping.
See bearer bond.
A bond with interest coupons attached. The coupons are clipped as they come due and are presented by the bond holder for payment of accrued interest.