couponcou·pon /ˈkuːpɒn-pɑːn/ noun1[countableC]FINANCE a small piece of paper attached to certain types of bond, that you tear off and hand in so as to receive interestThe frequency of coupon payments can differ between bonds; for example, some bonds pay coupons quarterly, others pay coupons annually.
2[singular]FINANCE the rate of interest paid on bondsa new two-year bond with a 10% coupon
The high coupon is there to compensate high risk.
4[countableC] a printed piece of paper given to people by the government, allowing them to buy a particular product or get something for free, usually during a warration coupons
petrol coupons
→ see also international reply coupon