income bond

Definition

A bond that promises to pay interest only when earned by the issuer; failure to pay interest does not result in default.

Use income bond in a sentence

You should try and invest in a good income bond that will be a nice steady earner for you over time.

​ Was this Helpful? YES  NO 9 people found this helpful.

The income bond was not collecting interest so we cashed it in with out penalty or default, and went on vacation.

​ Was this Helpful? YES  NO 10 people found this helpful.

The income bond was something that promised to pay interest and that was something that I took advantage of right away.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
accrued interest economic risk