guaranteed-income bond

guaranteed-income bond
A bond issued by a life-assurance company that guarantees the purchaser a fixed income as well as a guaranteed return of capital at the end of the term or on prior death. See also single-premium assurance

Big dictionary of business and management. 2014.

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  • guaranteed income bond — A single premium insurance bond which pays out a fixed amount of annual income and returns the original sum invested * * * guaranteed income bond guaranteed income bond ➔ bond * * * guaranteed income bond UK US noun [C] UK FINANCE ► an investment …   Financial and business terms

  • Guaranteed Income Bond (GIB) — A guaranteed income bond (GIB) is an investment tool that provides income in the form of interest over a specified time period, usually between 6 months and 10 years. These bonds are issued by life insurance companies in the United Kingdom and… …   Investment dictionary

  • Guaranteed Income Bond — /ˌgærənti:d ɪnkʌm bɒnd/ noun a bond which guarantees a certain rate of interest over a certain period of time. Abbreviation GIB …   Dictionary of banking and finance

  • income bond — National Savings Income Bond 1) A type of bond introduced by the Department for National Savings in 1982. They offer monthly interest payments on investments between £500 and £1 million. Interest is taxable but not deducted at source. 2) See… …   Big dictionary of business and management

  • income bond — noun : a bond that is entitled to receive interest only if earned and declared by the board of directors in accordance with its indenture provisions * * * a bond without a guaranteed amount of interest payment, such payment being usually made… …   Useful english dictionary

  • income bond — a bond without a guaranteed amount of interest payment, such payment being usually made only out of earnings. [1885 90] * * * …   Universalium

  • bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in …   Financial and business terms

  • Bond — Bonds are debt and are issued for a period of more than one year. The U.S. government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending money. The… …   Financial and business terms

  • bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure …   Law dictionary

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

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