GROSS RECEIPTS Definition

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GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc.

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COUPON is: 1) The annual interest rate on a fixed income security, set at the time it was issued, at which that instru­ment will accrue and pay interest. 2) Small pieces of paper attached to nonregistered interest-bearing instru­ments that reflect the semiannual amounts of interest to be paid. These coupons are cut out and tendered on the appropriate coupon dates, and the interest is then paid.

OPEN INFLATION means that prices are rising on consumer goods and services.

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