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."

BREAKING DOWN '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 FAQS
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    Most bonds typically make periodic payments, known as coupon payments, to the bondholder. A bond's indenture, which will ... Read Full Answer >>
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