deferred bond

noun

1

: a bond on which the payment of interest is postponed until some condition has been satisfied

2

British : a bond bearing interest at an increasing rate until a maximum is attained

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now