Meaning of “income bond” in the English Dictionary

"income bond" in Business English

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income bondnoun [ C ]


US a bond that pays interest based on how much profit is earned by the company that sold it:

Income bonds give a firm that has gone through bankruptcy more leeway than a straight bond.

UK a bond that pays a regular amount of interest:

We offer a six-year income bond offering an annual yield of 6%.

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