Coupon

英文名稱：Coupon 
中文名稱：息票／票面利率
指債券支付的利率，以面值的百分比表達，到付息日期時，憑息票領取利息，是證明付款人應支付利息的證明書。票面利率固定的債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.