coupon clipping

coupon clipping definition - business

coupon clipping

  1. The removal of interest coupons attached to a bearer bond in order that they might be taken to a bank or sent to a paying agent for redemption. Coupon clipping is necessary because owners of bearer bonds do not automatically receive interest checks in the mail every six months.
  2. The removal of cents-off coupons from newspapers and magazines.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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