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Coupon / Coupons |
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Definition of Coupon / CouponsCoupon / CouponsThe periodic interest payment(s) made by the issuer of a bond
Related Terms:Long coupons1) Bonds or notes with a long current maturity. Long coupons1) Bonds or notes with a long current maturity. CouponThe periodic interest payment made to the bondholders during the life of the bond. CouponDetachable certificate attached to a bond that shows the amount of couponThe interest payments paid to the bondholder. CouponThe annual interest payment associated with a bond. Coupon BondAny bond with a coupon. Contrast with discount bond. Coupon datesThe dates when the coupons are paid. Typically a bond pays Coupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Coupon paymentsA bond's interest payments. Coupon rateIn bonds, notes or other fixed income securities, the stated percentage rate of interest, usually Coupon RateThe rate of interest paid on a debt security. Generally stated on an Coupon rateThe nominal interest rate that the issuer promises to pay the coupon rateAnnual interest payment as a percentage of face value. Current couponA bond selling at or close to par, that is, a bond with a coupon close to the yields currently Current-coupon issuesRelated: Benchmark issues Full coupon bondA bond with a coupon equal to the going market rate, thereby, the bond is selling at par. High-coupon bond refundingRefunding of a high-coupon bond with a new, lower coupon bond. Level-coupon bondBond with a stream of coupon payments that are the same throughout the life of the bond. Low-coupon bond refundingRefunding of a low coupon bond with a new, higher coupon bond. Pass-through coupon rateThe interest rate paid on a securitized pool of assets, which is less than the rate Weighted average couponThe weighted average of the gross interest rate of the mortgages underlying the Zero coupon bondSuch a debt security pays an investor no interest. It is sold at a discount to its face price Zero-coupon bondA bond in which no periodic coupon is paid over the life of the contract. Instead, both the Zero-coupon BondA security that makes no interest payments; it is sold at a discount Zero-Coupon BondSee discount bond. Zero-coupon bond, or ZeroA bond that, instead of carrying a coupon, is sold Zero curve, zero-coupon yield curveA yield curve for zero-coupon bonds; Bearer bondBonds that are not registered on the books of the issuer. Such bonds are held in physical form by Break-even payment rateThe prepayment rate of a MBS coupon that will produce the same CFY as that of Discount BondA bond with no coupons, priced below its face value; the return on this bond comes from the difference between its face value and its current price. Issue dateThe date a security is first offered for sale. That date usually Odd first or last periodFixed-income securities may be purchased on dates SafekeepFor a fee, bankers will hold in their vault, clip coupons on, and present for payment at maturity
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