Definitions for "Coupon Rate"
The coupon is a regular payment received by a bondholder over the lifetime of a bond. The coupon rate is that amount expressed as a percentage of the face value of the bond. For example, a bond with a face value of $1000 and a fixed coupon rate of 10% paying annually, will pay $100 per annum for the term to maturity.
The interest rate that a bond issuer promises to pay the bondholder until the bond matures.
The interest rate specified on a bond when it is originally issued.
Keywords:  covariance, covenants
Covariance Covenants