Definition of income bond
: a bond that pays interest at a rate based on the issuer's earnings
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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.
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First Known Use of income bond
circa 1864
Law Dictionary
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See words that rhyme with income bond Britannica.com: Encyclopedia article about income bond
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