Definitions (2)

1. The interest rate on a fixed income security, determined upon issuance, and expressed as a percentage of par.
2. The term for each interest payment made to the bondholder.

Use coupon in a sentence

I would not have to pay full price for the item because I had a coupon that would get me a twenty percent off deal.

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When he took out a certain securities loan at the bank, he was given a coupon so that he would always know what the interest rate would be on it.

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John was able to get an extremely good deal on the steaks he purchased from the grocery store because he had a coupon for half off the original price.

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interest-on-interest component longevity bond