Income bonds specify that interest is to be paid only to the extent that it is earned in current income.

Name: Income bonds specify that interest is to be paid only to the extent that it is earned in current income.
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

Income bonds specify that interest is to be paid only to the extent that it is earned as current income. There is no legally binding requirement to pay interest on a regular basis, and failure to make interest payments cannot trigger bankruptcy proceedings.

Income Bonds Specify That Interest Is to Be Paid Only