See Also: COUPONS(law)
Long coupons(money)
Long coupons(finance)

COUPONS (law)


COUPONS. Those parts of a commercial instrument which are. to be cut, and which are evidence of something connected with the contract mentioned in the which are evidence of something connected with the contract mentioned in the instrument. They are generally attached to certificates of loan, where the instrument. They are generally attached to certificates of loan, where the interest is payable at particular periods, and, when the interest is paid, interest is payable at particular periods, and, when the interest is paid, they are cut off and delivered to the payor. they are cut off and delivered to the payor.