coupon
- A piece of evidence indicating the due interest that can be detached from a debt document, specifically a bearer bond, and presented when due for payment
- Investors can turn in the coupon at its maturity date to receive their interest payments from the bond issuer.
- The bearer bond included a coupon that the bondholder had to present for receiving the interest due.
- Every time a coupon payment was due, the bondholder would separate it from the bond and present it for payment.
Provide Feedback
