bond certificate

Definitions of bond certificate
  1. noun
    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
    synonyms: bond
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    bond issue
    bonds sold by a corporation or government agency at a particular time and identifiable by date of maturity
    convertible bond
    a bond that can be converted to other securities under certain conditions
    corporate bond
    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
    bearer bond, coupon bond
    a bond issued with detachable coupons that must be presented to the issuer for interest payments
    government bond
    a bond that is an IOU of the United States Treasury; considered the safest security in the investment world
    high-yield bond, junk bond
    a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
    municipal bond
    a bond issued by a state or local government
    noncallable bond
    a bond containing a provision that the holder cannot redeem the security before a specific date (usually at maturity)
    performance bond, surety bond
    a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
    post-obit bond
    a bond made by a reversioner to secure a loan; payable out of his reversion
    registered bond
    a bond whose owner is recorded on the books of the issuer; can be transferred to another owner only when endorsed by the registered owner
    revenue bond
    a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond
    secured bond
    a bond that is back by collateral
    debenture, debenture bond, unsecured bond
    the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
    zero coupon bond, zero-coupon bond
    a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security
    Premium Bond
    a government bond that bears no interest or capital gains but enters the holder into lotteries
    savings bond
    non-negotiable government bond; cannot be bought and sold once the original purchase is made
    utility bond, utility revenue bond
    a bond issued to finance the construction of public utility services
    Treasury, Treasury obligations
    negotiable debt obligations of the United States government which guarantees that interest and principal payments will be paid on time
    type of:
    certificate of indebtedness, debt instrument, obligation
    a written promise to repay a debt
    certificate, security
    a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends
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