CURRENT COUPON Definition

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CURRENT COUPON is the coupon for a recently issued bond that reflects the prevailing level of interest rates, with the result that the bond is priced at or close to par value.

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NET 10, 30, etc. usually refers to payment terms on an invoice, e.g. Net 10 2%, 30, would mean that if a purchaser pays the invoice within 10 days a 2% reduction in invoice amount may be enjoyed, but full invoice amount is due within 30 days.

CUSTOMS are the authorities charged with collecting duty and controlling the entry of merchandise into a country.

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