👉 In finance, a solutory bond is a type of bond that pays interest only when the bondholder meets certain conditions. This means that if the bondholder does not meet its obligations to make payments on time or pay back the principal amount, the bondholder will be unable to receive any interest payments. For example, if a bondholder buys a bond with an annual interest rate of 5% and pays it off in ten years at a rate of 6%, the solutory bond holder would
