A bond issued with detachable coupons that must be presented to the issuer for interest payments.

synonym: coupon bond.

Roget 799b: securities, stocks, common stock, preferred stock, bonds, puts, calls, options, option contract, warrants, commercial paper, bearer bond, tax-exempt bond, callable bond, convertable bond^†.    share, stock certificate; coupon, bond coupon.    liquid assets.    ... show more