coupon bond
Definition
An unregistered, negotiable bond on which interest and principal are payable to the holder, regardless of whom it was originally issued to. The coupons are attached to the bond, and each coupon represents a single interest payment. The holder submits a coupon, usually semi-annually, to the issuer or paying agent to receive payment. Coupon bonds are being phased out in favor of registered bonds. also called bearer bond.
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Related terms:
current coupon bond, full coupon bond, registered coupon bond, zero-coupon bond, negotiable security, split coupon bond
'coupon bond' appears in the definitions of these other terms on BusinessDictionary.com: bond equivalent yield (BEY), non interest bearing bond, zero-interest bond, zero-rated bond, zero coupon convertible, and 
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