current coupon

current coupon definition - business

current coupon

Of or relating to a bond with an interest coupon very close to the coupons being carried on new issues of the same maturity. Therefore the bond must be selling at a price close to its par value. Also called full coupon.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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