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Coupon: The annual interest rate paid on a bond, expressed as a percentage of the face value.
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A coupon code, also referred to as a promo code, is a computer-generated code consisting of letters and/or numbers that is used on an e-commerce website. When a user enters a coupon code into the corresponding field, they receive a discount, whether that is a fixed discount, a percentage off the entire purchase price, free shipping, or any other discount as advertised by the merchant.
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A coupon bond, also referred to as a bearer bond or bond coupon, is a debt obligation with coupons attached that represent semiannual interest payments. With coupon bonds, there are no records of ...
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Define coupon. coupon synonyms, coupon pronunciation, coupon translation, English dictionary definition of coupon. n. 1. A code or detachable part of a ticket, card, or advertisement that entitles the holder to a certain benefit, such as a cash refund or a gift. 2. a.
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The interest paid on a bond.That is, the coupon is the amount that the issuer must pay to the holder of each bond in exchange for investing in that bond. Coupons usually are paid every six months. They are called coupons because formerly they were represented by physical coupons on the bond certificate that had to be clipped and returned to the issuer to receive the interest payment.
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