Split coupon bond 


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Split coupon bondA bond that begins as a zerocoupon bond paying no interest and converts to an interest paying bond on a future date.Split coupon bond Similar MatchesCouponCouponThe annual rate of interest paid by the issuer of a bond until maturity. So, for instance, a Glaxo 5year 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 tearoff coupon which guaranteed your right to be paid by the issuer. 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. CouponCouponThe interest payment on a bond, sonamed because bonds originally were pieces of paper with small sections, called coupons, that were cut off and exchanged for the interest payments. CouponCouponThe periodic interest payment made to the bondholders during the life of the bond. Ex couponEx couponA bond sold without the right to the next interest payment. Further SuggestionsZero coupon convertible securityCoupon equivalent yield Current coupon issues High coupon bond refunding Current coupon Low coupon bond refunding Long coupons Coupon equivalent rate Coupon pass Weighted average Coupon Full coupon bond Level coupon bond Coupon rate Coupon bond 
