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{{a|glossary|}}[[Interest]]. Derives from the traditional means of paying interest on a [[definitive]], security-printed [[bearer bond]], wherein each interest payment was represented by a detachable perforated strip on the side of the [[bond]] - you know, like coupons in the newspaper - which the [[bondholder]] would tear off and present to the [[paying agent]] in return for the interest payment in question. | {{a|glossary|[[File:Transylvanian_Bond.jpeg|center|450px|thumb|A Transylvanian hind spotted in Sighișoara yesterday]]}}[[Interest]]. Derives from the traditional means of paying interest on a [[definitive]], security-printed [[bearer bond]], wherein each interest payment was represented by a detachable perforated strip on the side of the [[bond]] - you know, like coupons in the newspaper - which the [[bondholder]] would tear off and present to the [[paying agent]] in return for the interest payment in question. | ||
[[Coupon]] can refer to any [[interest]] payment, under loans, swaps etc, or specifically to the interest payment obligation under a bond as a discrete [[financial instrument]] from its host [[bond]]. Each coupon, once detached, is its own transferable [[promissory note]] , it can trade in the same way as the bond from which it was detached trades. This is called [[coupon stripping]]. | [[Coupon]] can refer to any [[interest]] payment, under loans, swaps etc, or specifically to the interest payment obligation under a bond as a discrete [[financial instrument]] from its host [[bond]]. Each coupon, once detached, is its own transferable [[promissory note]] , it can trade in the same way as the bond from which it was detached trades. This is called [[coupon stripping]]. | ||