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commodity-backed bond
com·mod·i·ty-backed bond (plural com·mod·i·ty-backed bonds)


noun 
Definition:
 
bond tied to commodity price: a bond whose value is indirectly linked to the inflation rate as it depends on the price of a specified commodity
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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