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LSDefine

Simple English definitions for legal terms

interest coupon

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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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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