income bond

Show Summary Details

Quick Reference

1 (National Savings Income Bond) A type of bond introduced by the Department for National Savings in 1982. They offer monthly interest payments on investments between £500 and £1 million. Interest is taxable but not deducted at source.

2 See guaranteed-income bond.

3 A US bond with guaranteed principal but in which the interest payments depend on the earnings of the issuer.

Subjects: Financial Institutions and Services.

Reference entries