You are here: Home Page / Dictionary

Moneyextra.com

Guaranteed Income Bond


Additional Services

 

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.

See Also: Stockmarket Centre

Last Updated: August 2007 © Moneyextra.com

 

MoneyExtra.com recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.