Adjustment Bond: See Income Bond;

Income Bond:

A corporate debt issue that pays interest only when, and if, the company has income. Also called an adjustment bond.

Note: Corporate meaning issued or created by a corporation. Debt meaning a loan. Interest payment are monies paid in exchange for this loan. In this case this payment of debt only happens when the corporation has income, makes money after expenses.


Learn more about finance terms at Investopedia

Categories: Finance


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