coupon
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 74 U.S. 82 - Aurora City v. West · 1868Most cited · 214 citing opinions
Coupons are written contracts for the payment of a definite sum of money, on a given day, and being drawn and executed in a form and mode for the very purpose that they may be separated from the bonds, it is held that they are negotiable, and that a suit may be maintained on them without the necessity of producing the bonds to which they were attached.
How often courts cite the cases defining “coupon”
Court decisions citing the 2 opinions that defined “coupon” — 275 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1868–1869
The coupon is not an independent instrument, like a promissory note for a sum of money, but is given for interest thereafter to become due upon the bond, which interest is parcel of the bond, and partakes of its nature.