COUPONS

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  COUPONS. Those parts of a commercial instrument which are. to be cut, and 
  which are evidence of something connected with the contract mentioned in the 
  instrument. They are generally attached to certificates of loan, where the 
  interest is payable at particular periods, and, when the interest is paid, 
  they are cut off and delivered to the payor.