Coupon vs Unredeemed - What's the difference?
coupon | unredeemed |
(obsolete) A certificate of interest due, printed at the bottom of transferable bonds (state, railroad, etc.), given for a term of years, designed to be cut off and presented for payment when the interest is due; an interest warrant.
(finance) Any interest payment made or due on a bond, debenture or similar (no longer by a physical coupon).
A section of a ticket, showing the holder to be entitled to some specified accommodation or service, as to a passage over a designated line of travel, a particular seat in a theater, a discount, etc.
(Scotland) The face.
Of a person, not redeemed; not granted redemption or salvation; unsaved.
Of a coupon or offer, unspent; not used in a purchase, and thus still usable.