Coupon

英文名称：Coupon 
中文名称：息票／票面利率
指债券支付的利率，以面值的百分比表达，到付息日期时，凭息票领取利息，是证明付款人应支付利息的证明书。票面利率固定的债券通常每年或每半年付息一次。 eb1619e81e59668d2db8098284f6daa5
e.g. There were large declines in short positions in both bills and coupons.
The interest rate stated on a bond when it's issued. The coupon is typically paid semiannually. 

This is also referred to as the "coupon rate" or "coupon percent rate". 

For example, a $1,000 bond with a coupon of 7% will pay $70 a year. 

It is called a "coupon" because some bonds literally have coupons attached to them. Holders receive interest by stripping off the coupons and redeeming them. This is less common today as more records are kept electronically.