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Deferred interest bond |
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Deferred interest bondA bond that pays interest at a later date, usually in one lump sum, effectively reinvesting interest earned over the life of the bond. See: Zero coupon bond.Deferred interest bond Similar MatchesChild deferred endowmentChild deferred endowmentAn endowment assurance, on the life of a child, which can be taken as cash at maturity or converted to a full endowment or whole life assurance. Contingent deferred sales charge (CDSC)Contingent deferred sales charge (CDSC)The formal name for the load of a back-end load fund. Deferred interest mortgageDeferred interest mortgageInterest is not paid during the deferral period. When the period is over, the accumulated interest is added to the original loan. Some lenders add this interest to the total of your loan to give a new loan figure and new interest payments. Others calculate your interest payments on the original loan as normal and then spread the repayment of the deferred interest over a set period of time. The latter method is better for you, as adding the deferred interest to the loan means you end up paying interest on the deferred interest! Deferred incomeDeferred incomeAlso known as income drawdown and flexible pension. See 'personal pension plan'. Deferred compensationDeferred compensationAn amount that has been earned but is not actually paid until a later date, typically through a payment plan, pension, or stock option plan. Further SuggestionsTax deferred retirement plansDeferred equity Deferred nominal life Annuity Deferred call Deferred payment annuity deferred state pension Single Premium Deferred Annuity (SPDA) Deferred account Tax deferred income Deferred charge Periodic purchase deferred contract |
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