coupon bond

noun
a bond, usually a bearer bond, that pays interest by means of coupons with specific cash values.

Origin:
1860–65, Americanism

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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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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Example sentences
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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