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TeachMeFinance.com - explain Deferred bond historic definition... Deferred bond -- In the United States a deferred bond is a bond upon which the payment of interest is deferred for a certain period. In Great Britain a deferred bond is a bond the interest on which increases on a scale until it reaches the maximum rate. Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.