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Meaning of “guaranteed income bond” in the English Dictionary

"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 ​fixedamount of ​money each month or ​year for a particular ​period: The ​guaranteedincomebondpays 4.1% ​per annum ​interest with ​fullreturn of ​capital after four ​years.
(Definition of guaranteed income bond from the Cambridge Business English Dictionary © Cambridge University Press)
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