Convertible Capital Appreciation Bond
Defined in 1 dictionary — U.S. Code
United States Code
48 U.S.C. § 2231 — in this subchapter
The term "Convertible Capital Appreciation Bond" means a Bond that does not pay interest on a current basis, but for which interest amounts are added to principal over time as specified in the relevant offering materials and which converts to a current pay bond on a future date.