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English definition of “coupon”

coupon

noun [C]
 
 
/ˈkuːpɒn/
COMMERCE a piece of paper or card that customers can use to buy goods and services at a lower price, or to get them free: This week shoppers can use discount coupons to get money off gasoline.cut out/clip a coupon Clip this coupon for $10 off your next purchase. money-saving/money-off coupons
(also coupon rate) FINANCE the rate of interest that is paid on a bond: The bonds have a coupon of 6.25 per cent. a high-coupon/low-coupon bond
FINANCE a part of a printed bond that can be separated from it when the bond's owner wants to be paid interest by the issuer (= organization from which it was bought): The Securities of this series are issuable only in registered form without coupons in denominations of $1,000.
→ See also international reply coupon, zero coupon bond
(Definition of coupon from the Cambridge Business English Dictionary © Cambridge University Press)
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