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Encyclopedia > Coupon (bond)

In finance, coupons are "attached" to bonds, either physically, as with old bonds (with a stapler), 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 for effectively lending the money. 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. Discount bonds are those which do not include coupons, being purchased at a value less than the par value paid out when the bond has matured. The phrase "coupon clipper" can refer to either a bond-owner or someone who uses coupons from newspapers, catalogs or advertisements. Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ... In finance, a bond is a debt security, in which the issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity. ... The Coupon Rate is the amount promised per dollar (or other denomination of currency) of the face value of the bond. ... An interest rate is the price a borrower pays for the use of money he does not own, and the return a lender receives for deferring his consumption, by lending to the borrower. ... In financial economics, the yield of a financial instrument/security (finance), usually a debt instrument, or other investment is the rate of return the holder earns on that instrument. ... Zero coupon bonds are bonds which do not pay periodic interest payments, or so-called coupons. Zero coupon bonds are purchased at a discount from their value at maturity. ... Par value has several meanings depending on the context, whether used in the equities market, or in the bond markets, and partially also dependent on where in the world the par value term is used. ... In marketing a coupon is a ticket or document that can be exchanged for a financial discount or rebate when purchasing a product. ...


Premier Bank is a customer demand oriented financial product and service provider. It offers various loan products like Cash Credit, Consumer Credit Scheme, Personal Loan, Lease Finance/ Hire Purchase, Apartment Finance/House Finance, Doctor’s Loan, Rural Credit Scheme, SME Banking, Students Credit Program and VISA Credit Card (Local & International). Under Islamic Banking it has investment products for its clients and these are Bai Al- Murabaha, Bai Al- Muajjal, Bai- Al- Salam, Hire- Purchase under Shirkatul Milk, Ijara (Lease) and Qard against MTDR. PBL also offers various deposit schemes to mobilize savings such as Saving Deposit (SB) Account, Short term Deposit (STD) Account, Foreign Currency (FC) Account, RFCD Account, NFCD Account, Monthly Savings Scheme (MSS), Double Benefit Scheme (DBS), Dui Bochore Digoon, Education Savings Scheme (ESS), Special Deposit Scheme (SDS), Fixed Deposit and Monthly Deposit Scheme (MIS). PBL is a customer demand driven bank and considering the Muslim Philosophy of the major population, it offers various Islamy savings schemes like Al- Wadiah Current Deposit, Mudaraba Savings Deposit (MSD), Mudaraba Term Deposit Receipt (MTDR), Mudaraba Short Term Deposit (MSTD), Mudaraba Monthly Savings Scheme (MMSS), Mudaraba Double Benefit Scheme (MDBS), Mudaraba Dui Bochore Digoon, Mudaraba Education Savings Scheme (MESS), Mudaraba Special Deposit Scheme (MSDS) and Hajj Deposit Scheme. PBL also provides various services to its clients and these are Real Time Online Banking, Evening Banking Service, Islamic Banking Service, CMS and SMS Banking, Call Center Service, Safe Custody (Locker Service), Swift Services, Remittance, Corporate Website Service and Reuters Service. PBL is also thinking to provide more products and services to its customers and it has proposed for Debit Card, ATM & POS Service, E- Banking Service, Premier Lakhopathi Scheme, Premier Millionaire Scheme and Merchant Banking.


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  Bond market v d  
Fixed income | Bond | Debenture
Types of Bonds
By Issuer: Government bond | Sovereign bond | Agency bond
Municipal bond | Corporate bond | Emerging market debt
By Payout: Fixed rate bond | Floating rate note | Zero coupon bond
Inflation-indexed bond | Commercial paper | Accrual bond
Auction rate security | High-yield debt | Convertible bond
Mortgage-backed security | Asset-backed security
Derivatives
Bond option | Credit derivative | Credit default swap
Collateralized debt obligation | Collateralized mortgage obligation
Bond valuation
Pricing: Par value | Coupon | Clean price | Dirty price
Accrued interest | Day count convention
Yield analysis: Nominal yield | Current yield | Yield to maturity
Yield curve | Bond duration | Bond convexity
Credit analysis: Credit analysis | Credit risk
Spread analysis: Yield curve spread | Credit spread | Option adjusted spread

 
 

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