Business, Legal & Accounting Glossary
A guaranteed income bond is a single premium insurance bond which pays a fixed amount of income annually and returns the original sum invested at the end of a specified period.
Beware of bonds which offer high returns but may set performance benchmarks for the return of your capital – if these targets are not met your income is effectively no more than the draw-down of your capital.
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This glossary post was last updated: 15th February, 2020 | 0 Views.