Full coupon bond

Full coupon bond

A bond with a coupon equal to the going market rate; the bond is therefore selling at par.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Full Coupon Bond

A bond with a coupon near or equal to the current interest rates. A full coupon bond sells at face value. If prevailing interest rates rise or fall, the bond is no longer considered full coupon and its price changes accordingly.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved