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Long coupon

• Refers to the initial coupon for a municipal security which reflects more than 6 months of accrued interest. The time of accrual is measure from the start of the Dated Dateand continues until the end of the initial accrual period. Compare to Short Coupon.

 
 Embedded terms in definition
 Accrued interest
Coupon
Dated date
Interest
Municipal security
Security
Short coupon
Short
Time
 
 Related Terms
 

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