precipice bond
British Finance
noun
A bond which is issued for a fixed term, under conditions such that the customer's capital is at risk should investments perform below a certain preset level.
Origin
1990s; earliest use found in Scotland on Sunday.
- merchant account
- merchant adventurer
- Merchant Adventurers
- merchant bank
- merchant banker
- merchant banking
- merchant bar
- merchantess
- merchanting
- merchant iron
- Merchant, Ismail
- merchantlike
- merchantly
- merchantman
- merchant marine
- merchant mariner
- merchant mill
- merchant navy
- merchant prince
- merchant-princely
- merchant princess
- merchantry
- merchants' accounts
- merchant's mark
- merchant stranger