Information > Financial Terms > This page

Flower Bonds
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

The popular Wall Street expression for those U.S. government bonds which, when owned by a decedent and part of his estate, are redeemable at par and accrued interest if the secretary of the Treasury is instructed to apply the proceeds to federal estate taxes.  If brought at discounts, such bonds are especially attractive for such purpose.

Back to Information