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The need for day count conventions is a direct consequence of interest-earning investments. Different conventions were developed to address often conflicting requirements, including ease of calculation, constancy of time period (day, month, or year) and the needs of the accounting department.
Uncut bond coupons on 1922 Mecca Temple (NY, NY, U.S.A.) construction bond In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond.
The Karbovanets (Ukrainian: карбованець, romanized: karbovanets', plural: карбованці, karbovantsi for 2–4, or карбованців, karbovantsiv for 5 or more), also colloquially known as kupon (купон, plural: купони, kupony) or coupon from the banknote printing, is a former unit of currency in Ukraine in three separate periods of the 20th century.