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Real Estate Glossary

Coupon

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Written by Luis Escobar

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.

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.

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Luis Escobar

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