Bowie bond

Bowie bond definition - finance
Asset-backed bonds whose interest and principle payments are collateralized by the music publishing royalties of rock musician David Bowie. Originally $55 million of the bonds were sold in 1997. Since then, other asset-backed issues based on intellectual property have been issued, including bond issues based on revenue from James Brown and the Isely Brothers.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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