Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Coupon
An interest or dividend certificate that is attached to another instrument, such as a bond, and that may be detached and separately presented for payment of a definite sum at a specified time.
bond coupon
The part of a coupon bond that is clipped by the holder and surrendered to obtain an interest payment. See coupon bond under BOND (3).
coupon bond
A bond with attached interest coupons that the holder may present to receive interest payments. See BOND COUPON.
coupon interest rate
See coupon rate under INTEREST RATE.
coupon note
A note with attached interest coupons that the holder may present for payment as each coupon matures.
coupon rate
The specific interest rate for a coupon bond. - Also termed coupon interest rate. See coupon bond under BOND (1).
coupon security
A security with detachable interest coupons that the holder must present for payment as they mature. ( Coupon securities are usu. in denominations of $1,000, and they are negotiable.
coupon yield
See YIELD. Cour de Cassation. See COURT OF CASSATION
zero-coupon bond
.A bond paying no interest. ( It is sold at a discount price and later redeemed at face value, the profit being the difference. - Also termed passive bond. See zero-coupon security under SECURITY (4).
zero-coupon security
See SECURITY.