Coupon
/ˈkuːpɒn/
Definitions
- (n.) A certificate or document entitling the holder to a discount, rebate, or benefit, often used in commercial or financial contexts.
The customer redeemed a coupon for 20% off the purchase price.
- (n.) A detachable part of a bond or other security evidencing interest payments payable to the holder.
The investor clipped the coupon to receive the quarterly interest payment.
Forms
- coupon
Related terms
See also
Commentary
In legal drafting, specifying whether the coupon refers to discount instruments or interest payments attached to securities is essential for clarity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.