income bond

noun

a bond without a guaranteed amount of interest payment, such payment being usually made only out of earnings.

Origin of income bond

First recorded in 1885–90

Words nearby income bond

incoherency, incoherent, incombustible, income, income account, income bond, income distribution, income fund, income group, income maintenance, income statement

British Dictionary definitions for income bond

income bond

noun

a bond that pays interest at a rate in direct proportion to the issuer's earnings