coupon, coupon rate
(1) The rate of interest received by the holder of a security. Not necessarily the same as the yield realized by the holder.
See rate.
(2) For pass-through securities, the holder's coupon rate is the gross coupon of the underlying loans less servicing fees and any agency guarantee fees. American Banker Glossary
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In bonds, notes, or other fixed-income securities, the stated percentage rate of interest, usually paid twice a year. Bloomberg Financial Dictionary
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Financial and business terms. 2012.