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Coupon Bond

21 Nov

 

An unregisterednegotiable 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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Posted by on November 21, 2012 in Study and Read

 

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