Guaranteed Bond – a bond issued by a corporation and guaranteed by a third party (sometimes by a parent corporation)

guaranteed bond:

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]


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.


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