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WordReference Random House Learner's Dictionary of American English © 2016
cou•pon /ˈkupɑn, ˈkyu-/USA pronunciation   n. [countable]
  1. a portion of a ticket, label, or the like, entitling the holder to something, or for use as an order blank, etc.:clipped a few discount coupons from the paper.
  2. a separate piece of paper, ticket, etc., for the same purpose.

WordReference Random House Unabridged Dictionary of American English © 2016
cou•pon  (ko̅o̅pon, kyo̅o̅-), 
  1. a portion of a certificate, ticket, label, advertisement, or the like, set off from the main body by dotted lines or the like to emphasize its separability, entitling the holder to something, as a gift or discount, or for use as an order blank, a contest entry form, etc.
  2. a separate certificate, ticket, etc., for the same purpose.
  3. Businessone of a number of small detachable certificates calling for periodic interest payments on a bearer bond. Cf. coupon bond.
  4. Metallurgy[Metall.]a sample of metal or metalwork submitted to a customer or testing agency for approval.
Etymology:1815–25; French;
Old French colpon piece cut off, equivalent. to colp(er) to cut (see cope1) + -on noun, nominal suffix
coupon•less, adj. 
pron Coupon, related tocopeandcoup,is of French origin. It has developed an American pronunciation variant (kyo̅o̅pon) with an unhistoricaly-sound not justified by the spelling. This pronunciation is used by educated speakers and is well-established as perfectly standard, although it is sometimes criticized. Its development may have been encouraged by analogy with words likecurious, cupid,andcute,wherecis followed by a "longu'' and the (y) 
is mandatory.

Collins Concise English Dictionary © HarperCollins Publishers::

coupon /ˈkuːpɒn/ n
  1. a detachable part of a ticket or advertisement entitling the holder to a discount, free gift, etc
  2. a detachable slip usable as a commercial order form
  3. a voucher given away with certain goods, a certain number of which are exchangeable for goods offered by the manufacturers
  4. one of a number of detachable certificates attached to a bond, esp a bearer bond, the surrender of which entitles the bearer to receive interest payments
  5. one of several detachable cards used for making hire-purchase payments
  6. Brit a detachable entry form for any of certain competitions, esp football pools
Etymology: 19th Century: from French, from Old French colpon piece cut off, from colper to cut, variant of couper; see cope1

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