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income bond

American

noun

a bond without a guaranteed amount of interest payment, such payment being usually made only out of earnings.

income bond British

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

Etymology

Origin of income bond

First recorded in 1885–90

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023