Coupon bonds interest payment, what's a bond?
The certificate often also contained a document called a talonwhich when the original block of coupons had been used up could be detached and presented in exchange for a block of further coupons. Become a day trader.
A bond is a loan that an investor makes to a corporation, government, federal agency or other organization. In book entry bonds, the investor gets receipts instead of certificates.
This makes their value even more volatile.