Meaning
A document constituting 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.
Etymology
Origin: Old English
From Middle English bond, a variant of band, from Old English beand, bænd, bend (“bond, chain, fetter, band, ribbon, ornament, chaplet, crown”), from Proto-Germanic *bandaz, *bandiz (“band, fetter”)، from Proto-Indo-European *bʰendʰ- (“to tie; bond, band”). Cognate with Dutch band, German Band, Swedish band. Doublet of Bund. Related to bind.
Synonyms & Antonyms
Synonyms
NYT Puzzle Appearances
Accepted in 6 recorded puzzles: