Bond
/bˈɑnd/
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Definition
(noun) A document constituting evidence 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.
Sentence Examples
At last, James Bond made it as an actor.
There is a strong bond between the brothers.
CEFR Practice Quiz
There is a strong ____ of friendship between the two young children.