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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 ?
Come frost, come snow, the catkins sway in the breeze looking delightful well into the New Year.In early spring the catkins become brown, tattered and are best clipped off, and the leaves may show a few signs of windburn but that annual display has earned the silk-tassel bush its place in the border yet again.
They took the lead when Gudjohnsen's powerful shot clipped off Wright to send the keeper the wrong way.
er ve dodgy at saw him Piyush given out caught at short ball that clipped off his d pad.
Gudjohnsen blasted a shot that clipped off Wright to send the keeper the wrong way for the Bolton opener.
Their first try came after just seven minutes after Fergus McFadden's attempted penalty clipped off the left post and fell into the try-zone where it should have been collected by Edinburgh winger Lee Jones.
Akinfeev flapped at the Spartak Moscow winger's cross and Keane lobbed in the rebound which clipped off the bar with Doyle following in.
Mido first had a header blocked then his shot clipped off a Blades player in the box, beat Kenny but bounced back off the woodwork to the surprised United keeper, who was facing his goal and fumbled the ball over the line.
Galway defender Wes Charles' attempted clearance clipped off Byrne, and UCD were back on terms.
Svensson impressed in his first senior game since March last year as Saints took a 27th-minute lead when Powell's shot clipped off Preston defender Callum Davidson and flew past stranded keeper Carlo Nash and into the net.
But Dudek could do nothing about Real's 39th-minute opener, as the Liverpool defence stood off to allow Luis Figo time to drill in a low shot which clipped off Stephane Henchoz before nestling in the bottom corner.
"He might have had a hat-trick, but hit his shot too well and it clipped off the keeper."