Coupon: Part of an airline ticket. The flight coupon is surrendered by the passenger at check-in. Coupons contain the formal contract of carriage.

 

Related Words

Coupon: Part of an airline ticket. The flight coupon is surrendered by the passenger at check-in. Coupons contain the formal contract of carriage.

Zero-Coupon Convertible Security: A bond in which no periodic coupon is paid over the life of the contract. Instead, both the principal and the interest are paid at the maturity date.

Long Coupons: (1) Bonds or notes with a long current maturity. (2) A bond on which one of the coupon periods, usually the first, is longer than the other periods or the standard period.

WIC Vouchers (Coupons): Food instruments commonly issued by WIC agencies to participants that are used in grocery and other authorized food stores to buy certain quantities and types of foods listed on the coupon, . . . View Full Definition

Zero-Coupon Bond: Zero-coupon bonds, sometimes known as zeros, are issued at a deep discount to par value and pay no interest during their term. At maturity, the bondholder receives par value, which includes . . . View Full Definition

Zero-Coupon Convertible Bond: A zero-coupon convertible bond, like other convertible bonds, can be converted into stock in the issuing corporation if the stock reaches the trigger price. Municipalities may issue tax-exem . . . View Full Definition

Coupon Payments: Canvassing by the desk of primary dealers to determine the inventory and maturities of their Treasury securities. The desk then decides whether to buy or sell certain issues (coupons) in ord . . . View Full Definition

Coupon Equivalent Yield: A bond featuring coupons that must be presented to the issuer in order to receive interest payments.

Low-Coupon Bond Refunding: Refunding of a low-coupon bond with a new, higher-coupon bond.

Coupon Bonds: Unregistered bonds for which owners receive periodic interest payments by clipping a coupon from the bond and sending it to the issuer as evidence of ownership.