income bond

American  

noun

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

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income bond British  

noun

1. a bond that pays interest at a rate in direct proportion to the issuer's earnings

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Etymology

Origin of income bond

First recorded in 1885–90

Example Sentences

In 2024, households at the 90th percentile of income earned 12.6 times as much as households at the 10th percentile, up from 8.7 times as much in 1976, according to the U.S.

From The Wall Street Journal • Jun. 4, 2026

It paid out more than 80% of net income earned over the past 12 months as dividends, well above the average for S&P Aristocrats of 65%.

From Barron's • Nov. 5, 2025

Exempting from tax income earned by people in certain professions does just that.

From Slate • Feb. 19, 2025

But AmEx is now also bringing hefty amounts of interest income, earned on customers who keep a balance and revolve on their accounts now.

From Seattle Times • Apr. 19, 2024

The share of income earned by the rest of the top 10 percent rose far less, and the share earned by the bottom 90 percent fell.

From "Class Matters" by The New York Times