Definition of "coupon"
  1. 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
How to use "coupon" in a sentence
  1. Investors can turn in the coupon at its maturity date to receive their interest payments from the bond issuer.
  2. The bearer bond included a coupon that the bondholder had to present for receiving the interest due.
  3. Every time a coupon payment was due, the bondholder would separate it from the bond and present it for payment.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z