income bond
noun[C]
FINANCEukusUS
abondthatpaysinterestbasedon how muchprofitisearnedby thecompanythatsoldit:
Incomebondsgive afirmthat has gone throughbankruptcymoreleewaythan astraightbond.
UK
abondthatpaysaregularamountofinterest:
Weoffera six-yearincomebondofferinganannualyieldof 6%.