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Coupon

coupon n

[French, from Old French, piece, from couper to cut]
: a statement of due interest to be cut from a debt instrument and esp. a bearer bond when payable and presented for payment
;also
: the interest rate of a coupon



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.