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corporate bond

DEFINITIONS OF: corporate bond

1

n a bond issued by a corporation; carries no claim to ownership and pays no dividends but payments to bondholders have priority over payments to stockholders

“a corporate bond is a safer investment than common stock in the same company”
Type of:
bond, bond certificate
a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
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