Alternatively referred to as coupon payment, a coupon is the nominal interest rate paid by the borrower on a bond, promissory note, or mortgage. It is expressed as a percentage of the face value and is paid from the date it is issued until its maturity.
Coupon
Alternatively referred to as coupon payment, a coupon is the nominal interest rate paid by the borrower on a bond, promissory note, or mortgage. It is expressed as a percentage of the face value and is paid from the date it is issued until its maturity.
