A coupon is a ticket or document that can be exchanged for a financial discount on a product. Customarily, coupons are issued by manufacturers of consumer packaged goods or by retailers, to be used in retail stores as a part of sales promotions. They are often widely distributed through mail, magazines, and newspapers.
Coupons are also "attached" to bonds, either physically (as with old bonds) or electronically. Each coupon represents a predetermined payment promised to the bond-holder in return for his or her loan of money to the bond-issuer. (The bond-holder is typically not the original lender, but receives this payment anyway.) The coupon rate (the amount promised per dollar of the face value of the bond) helps determine the interest rate or yield on the bond.
The phrase "coupon clipper" can refer to either a bond-owner or someone who uses coupons from newspapers.
Please note that coupon policies vary from retailer to retailer and location to location.
Coupon printing is currently supported ONLY on Windows 98, NT4, 2000, ME, and XP when used with Internet Explorer 5+, Netscape 7+, Firefox 1.0+ and most MSN and AOL browsers.
Coupon printing is also supported on Macintosh when using Safari under OS X 10.3 and higher.
Coupons are usually attached to a document, such as a promissory note, bond, share ofstock, or a bearer instrument.
A coupon is a written contract for the payment of a definite amount on a specified date according to the terms of the main document from which it must be separated for presentation for payment.
The term "coupon" is also used in manufacturing and material science to refer to a small piece of material used for testing or further processing, compare billet.
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