Definitions for "Flower bond"
Keywords:  par, decedent, treasury, discount, bond
Government bonds that when owned at the time of death are acceptable at par in payment of federal estate taxes.
A U.S. Treasury Bond which is accepted at face value to pay estate tax. It trades at a discount since it has a relatively low interest rate (3% to 4%).
A specially identified series of Treasury bonds accepted at full par in payment of estate taxes.