income bond
noun
a bond without a guaranteed amount of interest payment, such payment being usually made only out of earnings.
Origin of income bond
1First recorded in 1885–90
Words Nearby income bond
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
British Dictionary definitions for income bond
income bond
noun
a bond that pays interest at a rate in direct proportion to the issuer's earnings
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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