Georgian coupon
A Georgian coupon is a type of financial instrument used in the context of government bonds issued by the Kingdom of Georgia during the early 19th century. These coupons represented interest payments that bondholders would receive, typically on a semi-annual basis, as compensation for lending money to the government.
The term "coupon" refers to the physical tickets that were attached to the bonds, which could be clipped and redeemed for interest payments. The Georgian coupon system was part of broader financial practices in Europe, reflecting the growing importance of public debt and investment during that period.