clip

(redirected from clipping off)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
Try clipping off all but about 1/2 inch of the bristles on an acid swabbing brush, NSN 7920-00-5142417.
The proteins produced by the malaria parasite have a common segment or tag that plasmepsin V recognizes and acts on, clipping off part of the protein.
If you don't want the bother of tying in and clipping off tendrils, you can let the plants scramble up green plastic netting or tall pea sticks.