income bond Meaning in the Cambridge English Dictionary

Meaning of “income bond” in the English Dictionary

"income bond" in Business English

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income bondnoun [C]

uk   us   FINANCE
US a ​bond that ​paysinterestbased 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 ​straightbond.
UK a ​bond that ​pays a ​regularamount of ​interest: We ​offer a six-year ​incomebondoffering an ​annualyield of 6%.
(Definition of income bond from the Cambridge Business English Dictionary © Cambridge University Press)
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