irregular coupon

irregular coupon definition - business

irregular coupon

A bond interest payment for more or less than six-months' interest. The first coupon on many bonds is irregular because payment is other than six months from the dated date. Also called odd 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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