income bond

noun

Definition of income bond 

: a bond that pays interest at a rate based on the issuer's earnings

Examples of income bond in a Sentence

Recent Examples on the Web

But overall, Simply Money Advisors believes that the income bonds generate and their ability to act as ‘shock absorbers’ when the price of stocks fall are why bonds are a critical part of your investment mix. Nathan Bachrach, Cincinnati.com, "How to apply for Social Security survivors benefits," 11 Jan. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'income bond.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of income bond

circa 1864, in the meaning defined above

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The first known use of income bond was circa 1864

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More Definitions for income bond

income bond

Legal Definition of income bond 

see bond sense 2

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