bond

bond definition - business

bond

  1. A long-term promissory note. Bonds vary widely in maturity, credit quality, and type of issuer, although most are sold in $1,000 denominations or, if a municipal bond, $5,000 denominations.
  2. A written obligation that makes a person or an institution responsible for the actions of another.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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