Dictionary of Accounting Terms: income bond
income bond
bond on which the payment of interest is required only when earnings are available. Typically, interest that is bypassed does not accumulate. Income bonds are commonly used during the reorganization of a failing or failed business firm.
Dictionary of Business Terms: income bond
income bond
obligation on which the payment of interest is contingent on sufficient earnings from year to year. Such bonds are traded flat-that is, with no accrued interest-and are often an alternative to bankruptcy.
Dictionary of Finance and Investment Terms: income bond
income bond
obligation on which the payment of interest is contingent on sufficient earnings from year to year. Such bonds are traded flat-that is, with no accrued interest-and are often an alternative to bankruptcy.
