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CouponThe interest payment on a bond, so-named because bonds originally were pieces of paper with small sections, called coupons, that were cut off and exchanged for the interest payments.CouponThe periodic interest payment made to the bondholders during the life of the bond.CouponThe annual rate of interest paid by the issuer of a bond until maturity. So, for instance, a Glaxo 5-year bond paying 7% interest per year is said to have a coupon of 7%. The phrase dates from the time when the bonds actually had a tear-off coupon which guaranteed your right to be paid by the issuer.Similar MatchesZero coupon convertible securityZero coupon convertible securityA zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, which are convertible into an interest bearing bond at a certain time before maturity. Current coupon issuesCurrent coupon issuesRelated: Benchmark issues Pass through coupon ratePass through coupon rateThe interest rate paid on a securitized pool of assets, which is less than the rate paid on the underlying loans by an amount equal to the servicing and guaranteeing fees. Coupon equivalent yieldCoupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Coupon bondCoupon bondA bond featuring coupons that must be presented to the issuer in order to receive interest payments. Further SuggestionsFull coupon bondCoupon equivalent rate Split coupon bond ex coupon Level coupon bond Current coupon Long coupons Low coupon bond refunding Coupon pass Coupon rate Weighted average Coupon High coupon bond refunding |
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