corporate bond

Noun
  1. 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 (synset 113358785)
    "a corporate bond is a safer investment than common stock in the same company"
    is a 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

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