coupon
noun [ C ]
uk/ˈkuːpɒn/ us COMMERCE
a piece of paper or card that customers can use to buy goods and services at a lower price, or to get them free:
This week shoppers can use discount coupons to get money off gasoline.
cut out/clip a coupon Clip this coupon for $10 off your next purchase.
money-saving/money-off coupons
FINANCE (also coupon rate)
the rate of interest that is paid on a bond:
The bonds have a coupon of 6.25 per cent.
a high-coupon/low-coupon bond
FINANCE
a part of a printed bond that can be separated from it when the bond's owner wants to be paid interest by the issuer (= organization from which it was bought):
The Securities of this series are issuable only in registered form without coupons in denominations of $1,000.
See also
international reply coupon
zero coupon bond