# Coupon

*Markets & Instruments — Finicade finance glossary*

The fixed interest a bond pays its holder, usually twice a year, set as a percentage of face value. It's the income leg of a bond; the other leg is getting your principal back at maturity.

**Also known as:** par and coupon

**Related terms:** [Bond](https://finicade.com/glossary/bond), [Yield](https://finicade.com/glossary/yield), [Maturity](https://finicade.com/glossary/maturity), [Face Value (Par)](https://finicade.com/glossary/face-value)

**Taught in:** Charter Climb — Fixed Income: The Basics

Source: https://finicade.com/glossary/coupon