The flower bond was a type of bond that was designed to provide money for an individual's family when he died in order to pay for his estate taxes. This type of bond is no longer available, as the last group of these bonds matured in 1998. The investor could purchase this type of bond for a large discount compared to the face value. Then when he passed away, the bond issuer would pay the face value of the bond. The face value was set up to be equal to the amount of estate taxes for the individual. 

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