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COUPON NOTES Definition & Legal Meaning

Definition & Citations:

Promissory notes with coupons attached, the coupons being notes for interest written at the bottom of the principal note, and designed to be cut off severally and presented for payment as they mature. Williams v. Moody, 93 Ga. 8, 22 S. E. 30.

See, What Is a Promissory Note? A Legal Guide


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