- A bond selling at or close to par, that is, a bond with a coupon close to the yields currently offered on new bonds of a similar maturity and credit risk. The New York Times Financial Glossary
* * *The prevailing coupon (interest paid on a bond, expressed as a percentage of the face value) on a floating rate note or other variable rate security.► See also Coupon.
Financial and business terms. 2012.
Look at other dictionaries:
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