coupon bond

noun

1. a bond, usually a bearer bond, that pays interest by means of coupons with specific cash values.

Word History and Origins

Origin of coupon bond¹

An Americanism dating back to 1860–65

Example Sentences

The woman who does not know the difference between a registered and coupon bond should be ashamed to acknowledge such ignorance.

From Project Gutenberg

Coupon Bond—Bonds to which are attached coupons calling for the payment of interest.

From Project Gutenberg

If a coupon bond is lost or destroyed, however, the owner cannot collect the amount of the bond.

From Project Gutenberg