xplaind.com › 945823Coupon Payment | Definition, Formula, Calculator & Example Apr 27, 2019 · A coupon payment is the amount of interest which a bond issuer pays to a bondholder at each payment date. Bond indenture governs the manner in which coupon payments are calculated. Bonds may have fixed coupon payments, variable coupon payments, deferred coupon payments and accelerated coupon payments. In fixed-coupon payments, the coupon rate ...