guaranteed bond:
(1866)
l. A bond issued by a corporation and guaranteed by a third party. * This type of bond is common among railroads. — aka endorsed bond; assumed bond; joint bond.
2. A bond issued by a subsidiary corporation whose parent corporation guarantees the principal and interest payments. [1]
1. A bond guaranteed by a corporation other than the corporation that issued it. [2]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6
[2]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
******************************************
Back to Bonds
Like this website?
or donate via PayPal:
Disclaimer: Wild Willpower does not condone the actions of Maximilian Robespierre, however the above quote is excellent!
This website is being broadcast for First Amendment purposes courtesy of
Questions? Suggestion(s)?
[email protected].
We look forward to hearing from you!