Coupon Bond

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DEFINITION of 'Coupon Bond'

A debt obligation with coupons attached that represent semiannual interest payments. Also known as a "bearer bond."

INVESTOPEDIA EXPLAINS 'Coupon Bond'

No record of the purchaser is kept by the issuer, and the purchaser's name is not printed on the certificate.

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RELATED TERMS
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    The separation of a bond's periodic interest payments from its ...
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