Meaning of “guaranteed income bond” in the English Dictionary

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"guaranteed income bond" in Business English

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guaranteed income bondnoun [ C ]

uk us UK FINANCE

an investment that will give you a fixed amount of money each month or year for a particular period:

The guaranteed income bond pays 4.1% per annum interest with full return of capital after four years.

(Definition of “guaranteed income bond” from the Cambridge Business English Dictionary © Cambridge University Press)