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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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". 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.