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Topical Terminology > Long Coupon



2 Definitions

Long Coupon

For Long Coupon we have terms and definitions in 2 topics. The topics are Financial and Frauds and Scams.



Long Coupon (Financial)

Refers to the initial coupon for a municipal security which reflects more than 6 months of accrued interest. The time of accrual is measure from the start of the Dated Date and continues until the end of the initial accrual period. Compare to Short Coupon. Refers to the initial coupon for a municipal security which reflects more than 6 months of accrued interest. The time of accrual is measure from the start of the Dated Date and continues until the end of the initial accrual period. Compare to Short Coupon.


Long Coupon (Frauds and Scams)

The first interest payment on a bond that represents interest for more than six months. A long coupon occurs when a bond's issuance date is more than six months before the first scheduled payment. A short coupon is interest covering less than six months.




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