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cou·pon /'kü-ˌpän, 'kyü-/ n [French, from Old French, piece, from couper to cut]: a statement of due interest to be cut from a debt instrument and esp. a bearer bond when payable and presented for payment; also: the interest rate of a coupon
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
noun
allocation, card, certificate, check, cheque, credit, credit check, detachable part of a certificate, detachable portion, dividend, interest certificate, interim dividend, negotiable instrument, note, premium bond, premium certificate, redeemable part, redemption slip, separable part of a certificate, separate ticket, share-out, slip, stub, ticket, token, voucher, written instrument
associated concepts: coupon bond, coupon book, coupon interest, coupon note
II
index
security (stock)
Burton's Legal Thesaurus. William C. Burton. 2006
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n.A certificate attached to a loan instrument that can be separated from the instrument and presented after a specified time for the collection of interest.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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The meaning of this term differs depending on the context in which it is used. It may mean either:• The rate of interest payable (typically semi-annually) on a convertible bond or exchangeable bond or other fixed interest security; or• The certificate attached to a bearer security (for example, a bond) evidencing interest due on a specified date which the holder cashes in on interest payment dates.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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A certificate evidencing the obligation to pay an installment of interest or a dividend that must be cut and presented to its issuer for payment when it is due.
Dictionary from West's Encyclopedia of American Law. 2005.
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A certificate evidencing the obligation to pay an installment of interest or a dividend that must be cut and presented to its issuer for payment when it is due.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.