Convertible Capital Appreciation Bond
Defined in 1 place of the United States Code.
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.
Source
- 2016–present48 U.S.C. § 2231Territories and Insular Possessions · Creditor collective action · in this subchapter