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Coupon payments |
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Definition of Coupon paymentsCoupon paymentsA bond's interest payments.
Related Terms:Level-coupon bondBond with a stream of coupon payments that are the same throughout the life of the bond. Payment-In-Kind (PIK)bond A bond that gives the issuer an option (during an initial period) either to make Realized compound yieldYield assuming that coupon payments are invested at the going market interest Treasury bondLong-term debt obligation of the U.S. government that makes Yield a. Measure of return on an investment, stated as a percentage of price. current yieldAnnual coupon payments divided by bond price. Balance of paymentsA statistical compilation formulated by a sovereign nation of all economic transactions Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value CouponThe periodic interest payment made to the bondholders during the life of the bond. Coupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Coupon rateIn bonds, notes or other fixed income securities, the stated percentage rate of interest, usually 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. Interest paymentsContractual debt payments based on the coupon rate of interest and the principal amount. Lag response of prepaymentsThere is typically a lag of about three months between the time the weighted Long coupons1) Bonds or notes with a long current maturity. Low-coupon bond refundingRefunding of a low coupon bond with a new, higher coupon bond. Long coupons1) Bonds or notes with a long current maturity. Pass-through coupon rateThe interest rate paid on a securitized pool of assets, which is less than the rate Payments nettingReducing fund transfers between affiliates to only a netted amount. Netting can be done on Payments patternescribes the lagged collection pattern of receivables, for instance the probability that a Prepaymentspayments made in excess of scheduled mortgage principal repayments. 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 Coupon / CouponsThe periodic interest payment(s) made by the issuer of a bond Coupon RateThe rate of interest paid on a debt security. Generally stated on an Zero-coupon BondA security that makes no interest payments; it is sold at a discount CouponDetachable certificate attached to a bond that shows the amount of Coupon datesThe dates when the coupons are paid. Typically a bond pays Coupon rateThe nominal interest rate that the issuer promises to pay the Zero curve, zero-coupon yield curveA yield curve for zero-coupon bonds; Zero-coupon bond, or ZeroA bond that, instead of carrying a coupon, is sold couponThe interest payments paid to the bondholder. coupon rateAnnual interest payment as a percentage of face value. Balance of PaymentsThe difference between the demand for and supply of a country's currency on the foreign exchange market. Balance of Payments AccountsA statement of a country's transactions with other countries. CouponThe annual interest payment associated with a bond. Coupon BondAny bond with a coupon. Contrast with discount bond. Zero-Coupon BondSee discount bond. Progress PaymentsPeriodic payments to a supplier, contractor or subcontractor for work satisfactorily performed to date. Bearer bondBonds that are not registered on the books of the issuer. Such bonds are held in physical form by DurationThe expected life of a fixed-income security considering its coupon Issue dateThe date a security is first offered for sale. That date usually Macaulay durationA widely used measure of price sensitivity to yield
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