This paper provides a simple, practical definition of the coupling coefficient for electrodynamic transducers. Comparing to efforts made in previous works that assumed a lossless spring-inductor model, the definition presented here is based on a lossy mass-inductor model. Time-harmonic analysis is used to model the energy flow in the transducer. Both energy storage and energy dissipation are included in the electrodynamic coupling coefficient definition. An in-depth discussion is provided to explain and justify the derivation and overall methodology. This definition is expected to provide a useful and practical measure of the electromechanical energy conversion performance of electrodynamic transducers, both actuators and generators.