coupon bond

Definition of "coupon bond"
  1. A type of bond that includes attached coupons, which must be detached and submitted to receive interest payments
How to use "coupon bond" in a sentence
  1. The investor was happy to learn his coupon bond provided regular interest payments when the coupons were redeemed.
  2. She carefully clipped the coupon from the coupon bond to claim the interest.
  3. Owing to its convenience, the coupon bond remained a popular investment choice among many.

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