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 Glossary   >   G   >   "Guaranteed income bond" Definition   

        Guaranteed income bond

A bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned.

Guaranteed income bond


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Guaranteed income bond - A bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned.


Guaranteed income bond : a bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned.