secured bond

Other forms: secured bonds

Definitions of secured bond

1. noun

   a bond that is back by collateral
   antonyms:

   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

   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