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===The good old days=== | ===The good old days=== | ||
Of course, there aren’t any security-printed bonds any more - everything is in dematerialised, book-entry form - so these days a “[[coupon]] | Of course, there aren’t any security-printed bonds any more - everything is in dematerialised, book-entry form - so these days a “[[coupon]]” can refer to any [[interest]]-like payment, under loans, swaps etc, or specifically to the interest payment obligation under a bond as a discrete [[financial instrument]] from its host [[bond]]. | ||
These days, the only place you're likely to encounter a real coupon is framed and on the wall of an ironic but cool restaurant in Transylvania. | These days, the only place you're likely to encounter a real coupon is framed and on the wall of an ironic but cool restaurant in Transylvania. | ||