income bond


noun

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

Nearby words

  1. incoherent,
  2. incohesive,
  3. incombustible,
  4. income,
  5. income account,
  6. income distribution,
  7. income fund,
  8. income group,
  9. income maintenance,
  10. income statement

Origin of income bond

First recorded in 1885–90

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


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