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coupon bond

noun
1.
a bond, usually a bearer bond, that pays interest by means of coupons with specific cash values.
Origin
1860-1865
1860-65, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for coupon bond
  • For far-dated cash flows, the price is much cheaper than buying the cash flows through a zero-coupon bond ladder.

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