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

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