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LSDefine

Simple English definitions for legal terms

interest coupon

Read a random definition: balance of probability

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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cumsock
11:52
ig it only helps people who are ab to jump off a bridge if they dont get into YLS
Trismegistus
11:53
@cumsock: yeah, im not sure really, i think it's just that, life is what you make it, peace with your fate once it happens? idk, i agree with you though
HopefullyInLawSchool
11:53
Another day another dollar
@cumsock: yeah lmao guy is such a prick, my bad i had to settle for vandy
lilypadfrog
11:54
he is a terrible writer. his personal writing blog is shockingly bad
@lilypadfrog: are there flowers on your lily pad?
11:55
how was your first day of classes @knowledge
@KnowledgeableRitzyWasp: what are legit side hustles you have seen people do in LS?
lilypadfrog
11:56
LSAT tutoring
That is not an option for me lmao
lilypadfrog
11:57
@KnowledgeableRitzyWasp: yeah there are a couple thanks for asking
HopefullyInLawSchool
11:57
Guys this UPenn wave looks fake
11:57
I genuinely hate places that call because it turns things into a day-long stress instead of just being like oop I didn't get an email oh well
Trismegistus
11:58
how does it look fake
pleasepleasepleas
11:58
does Michigan call or email?
TackyProudYogurt
11:58
I have missed every A call I have received because I have a job and they all call at like 11 am
Trismegistus
11:58
what an excellent problem to have
am I being dumb to even think I have a chance at penn
should I just give up hope now
11:59
i tutored for the lsat in college lol, i went to a rich people school so the parents were happy to shell out money to a kid who didnt even have an official score yet
12:00
you have a great shot bulldog
the R's are killing any confidence I had
12:01
reddit says penn is calling, also same the umich r that early was disheartening
wonder what cornblatt is doing rn
lilypadfrog
12:01
stroking it
PuppyBot
12:01
lmaooo
i knew those group interviews existed for nefarious purposes
jackfrost11770
12:03
Oh I'm straight up not getting decisions until March am I
jackfrost11770
12:03
Awesome
me too
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