Optional payment bond(redirected from Optional Payment Bonds)
Optional payment bond
A bond whose principal and/or interest may be paid in foreign or domestic currency at the discretion of the bondholder.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Optional Payment Bond
A bond for which principal and/or interest payments may be made in one of two or more currencies. The bondholder has the discretion to choose the currency in which he/she wishes to receive payments.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved