Government bonds that are acceptable at par in payment of federal estate taxes when owned by the decedent at the time of death.
A type of treasury bond selling at a discount that permits redemption at par value after the owner's death to pay federal estate taxes.
A US Treasury bond that is accepted at face value to pay estate tax if the bonds were owned by the decedent at the time of death. Flower bonds are no longer issued and the last of them will mature in 1998. The bonds trade at a discount since they have a relatively low interest rate (3% to 4%). See: Debt Security; Discount; Treasury Bond
Fixed income products that were originally purchased by investors at a discount for the purpose of paying federal estate taxes upon their maturity.