Define: Guaranteed Income Bond

UK Accounting Glossary

Definition: Guaranteed Income Bond



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Full Definition of Guaranteed Income Bond


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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Definition Sources


Definitions for Guaranteed Income Bond are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.