interest coupon
61zero coupon bond — A type of debt security that does not pay periodic interest. Zero coupon securities are bought and sold at prices that are less than the par value of the securities. The discount, or difference between the principal paid to purchase the security… …
62Zero coupon bond — Such a debt security pays an investor no interest. It is sold at a discount to its face price and matures in one year or longer. The New York Times Financial Glossary * * * A bond that pays no coupon but is issued at a deep discount to face… …
63Accrued interest — The accumulated coupon interest earned but not yet paid to the seller of a bond by the buyer (unless the bond is in default). The New York Times Financial Glossary * * * accrued interest accrued interest ➔ interest * * * The interest accruing… …
64ex-coupon — cf. ex dividendThe trading status of a bond or share such that the seller of the bond or share retains the right to receive the next interest or dividend ( dividends) payment. The alternative is cum dividend or cum interest, when the purchaser… …
65Ex Coupon — A bond or preferred stock that does not include the interest payment or dividend when purchased or sold. A bond that is ex coupon is sold or bought with the knowledge that the investor will not receive the next coupon payment from the bond. The… …
66And Interest — A slang phrase used when quoting the price of a fixed income instrument with accruing interest. When revealing the sale price of a bond, a broker or salesman will often express the value as the clean price and interest . Also written as and… …
67Zero-Coupon Mortgage — A form of commercial financing in which regular interest and principal payments are deferred until maturity, rather than paid over the course of the loan. While the coupon rate on such a mortgage is technically zero because there are no regular… …
68registered coupon bond — registered (coupon) bond n. A long term, interest bearing instrument, in the form of a certificate, issued to the public by a corporate or governmental entity as a way to borrow money and registered on the books of the issuer. The obligor… …
69Accrued interest — In finance, accrued interest is the interest that has accumulated since the investment, or since the previous interest payment if there has been one already. For a financial instrument such as a bond, interest is calculated and paid in set… …
70Zero-Coupon Convertible — A fixed income instrument that is a combination of a zero coupon bond and a convertible bond. Due to the zero coupon feature, the bond pays no interest and is issued at a discount to par value, while the convertible feature means that the bond is …
