| 单词 | income bond |
| 释义 | income bond 1) (National Savings Income Bond) A type of bond introduced by the Department for National Savings in 1982. They offer monthly interest payments on investments between £2000 and £250,000. Interest is taxable but not deducted at source. The bonds have a guaranteed life of 10 years. 2) See: 3) A US bond with guaranteed principal but in which the interest payments depend on the earnings of the issuer. |
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