Quick Reference

1 One of several dated slips attached to a bond, which must be presented to the agents of the issuer or the company to obtain an interest payment or dividend. They are usually used with bearer bonds; the coupon yield is the yield provided by a bearer bond.

2 The rate of interest paid by a fixed-interest bond. The annual payment is a percentage of the bond's nominal value.

3 (coupon security) A bond or note on US Treasury Markets.

4 A fixed-rate payment on an interest or currency swap.

Subjects: Financial Institutions and Services.

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