clip

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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 ?
Clip off one or two early-blooming magnolia buds when the buds are mature but haven't opened.
The deadlock was finally broken off the 21st delivery of the day when Durham pace man Harmison finally strayed from an accurate line and length and enabled Javed to clip off his legs for a single and claim the first run of the series.
On the fruit bushes, clip off the top inch or two of each shoot and burn it.
Clip off the old block: An AA battery woman takes time out to give her male colleagues haircuts (above) while a Birmingham crew get to grips with a gun during a drill.
Simply swab the biopsy channel of the scope with the included cotton-tipped long probe, clip off the cotton swab into green-capped vial, then mix in the activating agent, shake vigorously, wait 20 second and check for a color change to blue/green.
Cook got off the mark with a clip off the pads for four and repeated the stroke in the same over from Shanthakumaran Sreesanth.
Education officials took the clip off YouTube, where web users post home-made videos.
But, having hit Jon Lewis for a big six over wide long-on, he caught a clip off his toes too well and fell to a boundary catch by Gregor Macmillan at deep square leg.
If you are really unsure about a particular item, for example a vintage piece with no label, clip off a small amount of the hair and burn it - if it is real, it will burn and give off the distinctive smell of burning hair, fake fur will melt into a lump and smell chemical.
Clip off the dead flowers but do not cut into wood formed last year - that could kill the plant.