Coupon

The rate of interest payable annually. Where the coupon is blank, it can indicate that the bond can be a ? zero-coupon,? a new issue, or that it is a variable-rate bond.

Remarks: Bond funds including mutual funds (open-end and closed-end, actively managed and indexed), exchange-traded funds and unit investment trusts offer a convenient and affordable way to invest in a diversified portfolio of bonds, but a bond fund investment can differ from a bond investment in ways that are important to understand.