DEFINITIONS
- nounEvidence of a long-term debt, by which the bond issuer (the borrower) is obliged to pay interest when due, and repay the principal at maturity, as specified on the face of the bond certificate. The rights of the holder are specified in the bond indenture, which contains the legal terms and conditions under which the bond was issued. Bonds are available in two forms: registered bonds, and bearer bonds.
- nounA documentary obligation to pay a sum or to perform a contract; a debenture.
- verbTo connect, secure or tie with a bond; to bind.
- verbTo cause to adhere (one material with another).
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