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A bond featuring coupons that must be presented to the issuer in order to receive interest payments.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See bearer bond.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary