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income bond

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Income bond
A bond whose payment of interest is contingent on sufficient earnings. These bonds are commonly used during the reorganization of a failed or failing business.
income bond
A long-term debt security in which the issuer is required to pay interest only when interest is earned. This rare security, issued principally as part of a corporate reorganization, offers an investor a relatively weak promise of payment. Some issues require that unpaid interest be accumulated and made up in periods that earnings permit. Also called adjustment bond.


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Top honors among the 6 funds we selected went to the Neuberger Berman High Income Bond Investors fund (NBHIX).
Find jewels in junk: high-yield bond funds are one way to beat the ... by Anderson, James A. / Black Enterprise
For a current income bond, the Wizard shows the current interest rate, the bond's next payment and final maturity dates, and allows a user to enter the amount of interest deferred from other bonds applied to the purchase of the current income bond.
Valuing U.S. Savings Bonds by Laffie, Lesli S. / The Tax Adviser
The Income Builder Fund is comprised of four funds that represent these asset classes - the First American High Income Bond Fund, U.
New First American Income Builder Fund Offers Potential for ... by Business Wire
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