coupon


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Related to coupon: coupon bond

Coupon

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.

Coupons are usually attached to a document, such as a promissory note, bond, share of stock, or a bearer instrument. A coupon is a written contract for the payment of a definite amount on a specified date according to the terms of the main document from which it must be separated for presentation for payment. Each coupon represents a separate promise by its issuer to pay its holder on the due date. Failure to do so will support a Cause of Action for breach of contract.

coupon

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, preeium certificate, redeemable part, redemption slip, sepaaable 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
See also: security, stock
References in periodicals archive ?
based digital coupon network provider that Kroger acquired in 2014.
Compared to other coupon apps, such as Coupon Sherpa and Coupons.
The remaining coupon offers in 2010--116 billion coupons--were for health & beauty care (HBC) products, up 4.
Online coupon distribution is likely to eventually dominate.
But living on one income with a $300 monthly budget for all supermarket purchases has forced her to become skilled at the coupon game.
Yet these efforts can still fall short in persuading shoppers to pick up a coupon, says Allen Mills, senior vice president of the 12-store supermarket chain.
Once it became clear that his postal coupon strategy would never work, he thought he could stall as he worked out a new get-rich-quick scheme.
Catalina has installed personal computers in each retail store as well as thermal printers near the checkout scanners that it uses to produce either a coupon or an advertising message.
A deduction is available, however, for certain types of narrowly defined coupon programs, as explained in Regs.
These beliefs may not currently hold true, however, because increasingly several major changes in coupon promotional environment are occurring in the market: First, there is little novelty in coupons, since every store is distributing them.
Thus, there are really two interacting factors - maturity length and coupon size - that cause a bond's price to change in response to a change in market interest rates.