Income bond

A bond that promises to pay Interest only when earned by the issuer; failure to pay Interest does not result in Default.

Related Terms: 4 Default, Issuer, Interest, Sue

Other Related Pages: Category: Bonds Starting With: I

Additional Related Terms: Accrual bond, Accrued interest, Accumulation bond, Agency bond, American Municipal Bond Assurance Corporation, Assumed bond, At par, Authority bond, At best, At call