income bond definition

income bond

US: Bond which is sold flat (without accrued interest) and whose interest payment is not fixed but varies according to the issuer's level of earnings. Income bonds are often issued by firms in dire straits in an attempt to quickly raise funds to avoid bankruptcy. See also flat bond.

income bond is in the Investing and Securities & Futures Trading subjects.

income bond appears in the definition of the following term: flat bond

income bond appears in these other term: flat income bond

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