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.
A partial payment made to show a provider that the customer is sincere about buying a product or a service. If the product or service is not purchased the customer then forfeits the bond.
From Middle English bond, a variant of band, from Old English beand, bænd, bend, from Proto-Germanic *bandaz, *bandiz. Cognate with Dutch band, German Band, Swedish band. Bund. Related to bind.
From Middle English bonde ("peasant, servant, bondman"), from Old English bōnda, būnda, perhaps from Old Norse bóndi ("husbandman, householder"), or a contraction of Old English būend ("dweller, inhabitant"), both from Proto-Germanic *būwandz ("dweller"), from Proto-Indo-European *bʰuH- ("to become, grow, appear"). See also bower, boor.
Modern English dictionary
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