bond certificate

Noun
  1. 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 (synset 113438583)
    is a type of:
    subtypes:
    • 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
    same as: bond

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