When the date came, you would cut the coupon off and go to the bank and get your interest payment.

到息日到了以后，你就可以剪下这张息票拿到银行,去兑换利息。

耶鲁公开课 - 金融市场课程节选

Because the Bank of England could then demand all the it could start accumulating notes from some issuing bank and then demand payment in gold.

因为英格兰银行那时可以,要求所有的，它可以开始从一些纸币发行银行,收集些发行的纸币之后再要求以金子的形式偿还。

耶鲁公开课 - 金融市场课程节选