| a bond, usually a bearer bond, that pays interest by means of coupons with specific cash values. |
Coupon Bond
A debt obligation with coupons attached that represent semiannual interest payments.
Investopedia Commentary
No record of the purchaser is kept by the issuer, and the purchaser's name is not printed on the certificate.
This is also known as a bearer bond.
Related Links
Bond Basics Tutorial
Advanced Bond Concepts
Corporate Bonds: An Introduction To Credit Risk
See also: Bearer Form, Bond, Coupon, Interest Rate, Zero Coupon Bond