income bond

noun

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

income bond

noun

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

Word History and Origins

Origin of income bond¹

First recorded in 1885–90

Example Sentences

Dana Emery, chief executive at Dodge and Cox, and a co-manager of its $56 billion Dodge & Cox Income bond fund, sees a positive side to the issuance of longer-term bonds.

From New York Times

The three-year Income Bond will pay 1.9%, down from 2.15%.

From BBC

Those who already hold the three-year Growth Bond and Income Bond will not be affected.

From BBC

Short-term bond funds are another option for money you may need access to in the next few years, said Thomas H. Atteberry, co-manager of the FPA New Income bond fund.

From New York Times

And at the end of December, 14.5 percent of the assets in Nuveen’s High Income Bond fund were energy-related securities.

From New York Times