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LSDefine

Simple English definitions for legal terms

interest coupon

Read a random definition: maritime contract

A quick definition of interest coupon:

Interest coupon: An interest coupon is a certificate that is attached to a bond or other financial instrument. It can be detached and presented separately for payment of a specific amount of money at a certain time. It's like a little piece of paper that says "I am owed this much money on this date."

A more thorough explanation:

An interest coupon is a certificate that is attached to a bond or other financial instrument. It represents the interest or dividend payment that the holder of the bond is entitled to receive. The coupon can be detached and presented for payment at a specified time.

Suppose you own a bond that pays 5% interest annually. The bond has a face value of $1,000 and matures in 10 years. The bond also has 10 interest coupons attached to it, each representing a payment of $25. At the end of each year, you can detach one of the coupons and present it to the issuer of the bond to receive your $25 payment.

This example illustrates how interest coupons work. They allow bondholders to receive their interest payments periodically, rather than waiting until the bond matures.

interest-based quorum | interest-coverage ratio

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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