deferred bond

noun

1
: a bond on which the payment of interest is postponed until some condition has been satisfied
2
British : a bond bearing interest at an increasing rate until a maximum is attained

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Cite this Entry

“Deferred bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deferred%20bond. Accessed 14 Apr. 2024.

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