a single-premium life-assurance policy in which a fixed sum is invested in an asset-backed fund
investment bond in Insurance
(ɪnvɛstmənt bɒnd)
Word forms: (regular plural) investment bonds
noun
(Insurance: Life insurance)
An investment bond is a single-premium life insurance policy in which a fixed sum is invested in an asset-backed fund (= a financial organization that invests in property or shares.)
With an investment bond, you invest a lump sum with an insurance company and get a little bit of life coverage,but the rest is invested.
Investment bonds are popular investment plans sold by a life insurance company, whereby investorspay in a lump sum which is invested in one or more collective funds.
An investment bond is a single-premium life insurance policy in which a fixed sum is invested in anasset-backed fund (= a financial organization that invests in property or shares.)
Examples of 'investment bond' in a sentence
investment bond
Many investors find that they are unable to leave an investment bond or fund early without incurring hefty penalty charges of up to 12 per cent.