A coupon bond is the simplest kind of bond,

息票债券是最简单的一种债券
the first one that was created,

是第一种被创造出来的债券
and it pays a fixed coupon, dollars, every period for T periods.

每期支付固定的利息直到T期为止
The T's called the maturity.

T叫做到期时间*maturity翻译可能不准确
So it's defined by the coupon which is the fixed payment it makes every year

由每年固定支付直到到期的利息
until period T which is the maturity of the bond,

来定义息票债券
and then it also, at the end of period T,

并且在T期最后
pays a principal which is usually how the bond is denominated

通常会支付等于债券票面价值的本金
the face value of the bond

就是债券的面值
it pays the principal or face value.

最后支付本金或者说面值
That's usually 100 or 1,000.

面值通常是100或者1000
So a coupon might be 6,6, 6,6, 106.

利息可能是6 6 6 6 106