coupon bond

coupon bond

 
noun
a bond, usually a bearer bond, that pays interest by means of coupons with specific cash values.
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Origin:
1860–65, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Coupon bond is always a great word to know.
So is ninnyhammer. Does it mean:
a fool or simpleton; ninny.
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
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WordNet
coupon bond

noun
a bond issued with detachable coupons that must be presented to the issuer for interest payments 
WordNet® 3.0, © 2006 by Princeton University.
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