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Coupon (finance) In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond. [1] Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. [2]
Modafinil, sold under the brand name Provigil among others, is a wakefulness-promoting medication used primarily to treat narcolepsy, [3] [10] [15] a sleep disorder characterized by excessive daytime sleepiness and sudden sleep attacks. [16]
A zero-coupon bond (also discount bond or deep discount bond) is a bond in which the face value is repaid at the time of maturity. [1] Unlike regular bonds, it does not make periodic interest payments or have so-called coupons, hence the term zero-coupon bond.
The owner takes on reinvestment risk, which is the possibility that the future reinvestment rates will differ from the yield to maturity at the time the security is purchased. [10] Reinvestment is not a factor for buyers, who intend to spend rather than reinvest the coupon payments, such as those practicing asset/liability matching strategies.
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