Income bond


 

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Income bond

A bond which provides income over its life and at maturity the original investment is returned. See: 'guaranteed income bond'.

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

Similar Matches

Financial service income

Financial service income

Income from delivery of financial services such as banking, insurance, leasing, or financial service management fees.


Income endowment

Income endowment

An endowment plan which carries an option at maturity for the proceeds to be paid in the form of a regular income.


Gross income

Gross income

The total income of a person before deductions. This for example could be a person's salary plus bonuses, plus benefits in kind (e.g.company car and medical insurance) plus income from shares etc. See net income.


Disposable income

Disposable income

Income minus taxes. More accurately, income minus direct taxes plus transfer payments; that is, the income available to be spent (including on imports) and saved.


Income Averaging

Income Averaging

A method of figuring income tax by paying tax on the average income per year for the past five years. For example: A, a real estate salesperson, earns $10,000 taxable income for 4 years. In the fifth year, A sells a shopping center and earns $100,000 taxable income. A-could take the total income for 5 years ($140,000), divide by 5 ($28,000), and pay tax on $28,000 for the past 5 years, less what A has already paid.


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