deferred interest bond investment & finance definition
A bond that pays interest at maturity, or at a later date. A typical bond pays interest regularly, often twice a year.
Deferred interest bonds are bond issues that do not provide for periodic interest payments. Instead, the interest is paid to the bondholder at a specified point during the later maturity of the bond.
Deferred interest bond
A bond that pays interest at a later date, usually in one lump sum, effectively reinvesting interest earned over the life of the bond. See: Zero coupon bond.
deferred interest bond A bond that pays interest at a later date. deferred month The months in which futures trading is taking place, as apposed to the nearby month.
Related: Deferred interest bond, Step-up bond Pension Benefit Guaranty Corporation (PBGC)A federal agency that insures the vested benefits of pension plan participants (established -in 1974 by the ERISA legislation).
 See also: Point, Interest, Maturity, Investment, Period
  
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