Coupon

Coupon (Fr., and from couper, 'to cut'), a term signifying any billet, cheque, or other slip of paper cut off from its counterpart. It is, however, applied chiefly to a dividend or interest warrant, which is presented for payment by holders of debentures. Coupons in Great Britain require to be stamped. The term is also applied to one of a series of tickets which are vouchers that certain payments will be made or services be performed, at various times or places, in consideration of money paid.