[koo-pon, kyoo-]
a portion of a certificate, ticket, label, advertisement, or the like, set off from the main body by dotted lines or the like to emphasize its separability, entitling the holder to something, as a gift or discount, or for use as an order blank, a contest entry form, etc.
a separate certificate, ticket, etc., for the same purpose.
one of a number of small detachable certificates calling for periodic interest payments on a bearer bond. Compare coupon bond.
Metallurgy. a sample of metal or metalwork submitted to a customer or testing agency for approval.

1815–25; < French; Old French colpon piece cut off, equivalent to colp(er) to cut (see cope1) + -on noun suffix

couponless, adjective

Coupon, related to cope and coup, is of French origin. It has developed an American pronunciation variant [kyoo-pon] with an unhistorical y -sound not justified by the spelling. This pronunciation is used by educated speakers and is well-established as perfectly standard, although it is sometimes criticized. Its development may have been encouraged by analogy with words like curious, cupid, and cute, where c is followed by a “long u ” and the [y] is mandatory. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
coupon (ˈkuːpɒn)
1.  a.  a detachable part of a ticket or advertisement entitling the holder to a discount, free gift, etc
 b.  a detachable slip usable as a commercial order form
 c.  a voucher given away with certain goods, a certain number of which are exchangeable for goods offered by the manufacturers
2.  one of a number of detachable certificates attached to a bond, esp a bearer bond, the surrender of which entitles the bearer to receive interest payments
3.  one of several detachable cards used for making hire-purchase payments
4.  a ticket issued to facilitate rationing
5.  (Brit) a detachable entry form for any of certain competitions, esp football pools
[C19: from French, from Old French colpon piece cut off, from colper to cut, variant of couper; see cope1]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1822, "certificate of interest due on a bond" (which could be cut from the bond and presented for payment), from Fr. coupon, from O.Fr. coupon "piece cut off," from couper "to cut," from coup "a blow." Meaning widened to "discount ticket" 1860s by British travel agent Thomas Cook. The specific advertising
sense is from 1906.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
For the day, the chain will discount an item by twice the stated value of each
  manufacturer's coupon presented by a customer.
Coupons are valid for a year, and a ticket based on a coupon is usually valid
  for a further year.
The coupon business is a case of new technology confronting a deep-seated
  commercial culture.
Bond investors usually expect more of their gains to come from coupon payments.
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