Coupon Bond

Coupon Bond
A debt obligation with coupons attached that represent semiannual interest payments. Also known as a "bearer bond".

No record of the purchaser is kept by the issuer, and the purchaser's name is not printed on the certificate.

Investment dictionary. . 2012.

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  • coupon bond — A bond in which the interest payable separately from the principal is represented by detachable coupons. Amey v Allegheny City (US) 24 How 364, 16 L Ed 614; Tennessee Bond Cases, 114 US 663, 29 L Ed 281, 5 S Ct 1098. See coupon …   Ballentine's law dictionary

  • coupon bond — noun a bond issued with detachable coupons that must be presented to the issuer for interest payments • Syn: ↑bearer bond • Hypernyms: ↑bond, ↑bond certificate …   Useful english dictionary

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  • registered coupon bond — registered (coupon) bond n. A long term, interest bearing instrument, in the form of a certificate, issued to the public by a corporate or governmental entity as a way to borrow money and registered on the books of the issuer. The obligor… …   Law dictionary

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