This may seem a bit odd, but the story behind the terminology involves actual paper coupons. Before computers automated and simplified much of the financial world, investors who bought bonds were given physical, engraved certificates. Investors then would lock those certificates in a safe deposit box or otherwise secure them where they couldn't be stolen or discovered. It was vitally important to keep the bonds safe from the outside world because a bond certificate served as proof that an investor had lent money to a bond issuer and that they were entitled to receive the principal plus interest.

Explore topics

Historically, bond certificates often were beautiful works of art that involved commissioning talented engravers and artists to incorporate aspects of a firm's history or operations into the imagery. Attached to each engraved bond was a series of bond coupons, each one with a date on it.

• coupons for attic ladders plus.
• rappelz coupon redeem.
• Authentication!

Twice a year, when interest was due, investors would go to the bank, open the safe deposit box, and physically clip the appropriate bond coupons with the current date. They would take the coupon and deposit it, just like cash, into a bank account or mail it to the company to get a check, depending on the terms and the circumstances.

On the maturity date, when a bond principal was due, a bondholder would send the certificate back to the issuer who then would cancel it and return the certificate's par value back to the investor. The bond issue was then retired and the investor would have to decide what to do with the money as there were no more payments due. If a bond issuer wasn't able to make a coupon payment or repay the principal at maturity, the bond was said to go into default.

In most cases, this would lead to bankruptcy and the creditors seizing whatever collateral they were guaranteed by the bond indenture, which is the contract governing the loan.

Technological advancements changed the mechanics of investing in a bond. If you acquire a newly issued bond through a brokerage account , the broker takes your cash then deposit the bond into your account, where it sits alongside your stocks , mutual funds , and other securities. It probably developed by analogy with words like cupid and cute, where the y is mandatory.

Switch to new thesaurus. Gutschein Kupon Schein. This coupon gives 50 cents off your next purchase.

Mentioned in? References in classic literature? They took on the semblance of yellow, twenty-dollar gold pieces, of yellow-backed paper bills of the government stamping of the United States, of bank books, and of rich coupons ripe for the clipping--and all shot through the flashings of the form of a rough-coated Irish terrier, on a galaxy of brilliantly-lighted stages, mouth open, nose upward to the drops, singing, ever singing, as no dog had ever been known to sing in the world before.

View in context. He got them with cigarette coupons , and nearly smoked himself to death to possess these desired forms and faces. Living in delicate seclusion, some in furnished flats, others in Renaissance villas on Fiesole's slope, they read, wrote, studied, and exchanged ideas, thus attaining to that intimate knowledge, or rather perception, of Florence which is denied to all who carry in their pockets the coupons of Cook.

Fraud Facts: Extreme couponing or coupon fraud? SBR Interest Rate 8. LuLu Mercedes-Benz Car promo key handover ceremony. PS5 OFF [