[Illustration: Specimens of interest coupons.]
Most bonds have INTEREST COUPONS attached. These are cut off and
presented for payment as they mature. For instance, a four per cent.
bond for $1000 would draw $40 interest yearly. This sum would be paid
in two instalments of $20 each. If the bond were for twenty years
there would be at the date of issue forty interest coupons, each
calling for $20 and collectable at intervals of six months.