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 ?
Describing the rescue a Fire Department New York spokesman said: "He kicked off his boots, clipped off his radio and jumped in.
There was a piece of rail sticking out at the three-furlong marker and her left foot clipped off it and she's broken a little bone in her little toe,'' said her agent Shane Lyons.
Steyn bowled wicketkeeper Haddin for 38 with a stunning outswinger, which clipped off stump.
County led at half-time when a Dave Collins free-kick clipped off the head of home defender Adam Cooper in injury time, but it was difficult to read too much into the display as Holdsworth introduced eight substitutes after the break.
Krul did well to backtrack and gather the ball under his bar on 35 minutes after Markus Neumayr's effort clipped off Edgar and looped over the Magpies' Dutch keeper, then right on the half time left back Kris Gate did well to block Rossi as he tried to cut in from the left.
Black should have extended Lancaster's lead in the 59th minute, but his rebound effort clipped off defender David Ness and conveniently into the arms of keeper Neil Thompson The McGinn brothers - Mike and Matty - provided the ammunition for Young to head an equaliser in the 83rd minute only for Lancaster to go back in front almost immediately with another exquisite strike from Black.
Perhaps the key incident of the opening day, however, came two balls later when Graham Thorpe, now installed as the new short leg, missed a sharp chance after Rudolph clipped off his legs to get off the mark.
England could have made a further breakthrough two balls later if Graham Thorpe, now installed as the new short leg fielder of the side, had taken a sharp chance after new batsman Jacques Rudolph clipped off his legs to get off the mark.
His shot clipped off Smith to leave Mark Schwarzer beaten.
I also clipped off broken or bruised canes and damaged roots.
er ve dodgy at saw him Piyush given out caught at short ball that clipped off his d pad.