The dates on which bondholders receive coupon payments. That is, the interest dates are the dates on which bondholders receive interest on the debt they hold. Almost without exception, interest dates occur twice per year on either the first or the fifteenth of the month. Whenever they occur, the interest dates are stated in the bond agreement and do not change. See also: Payment date.
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The dates on which interest is paid to bondholders, nearly always involving two payments per year on either the first or the fifteenth of the month. Interest dates are set at the time of issue and remain unchanged throughout the life of the bond. See also payment date.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.