Bond. A certificate of obligation to pay money secured by mortgage or otherwise. A bond issued
by a corporation for by a municipality or government) is an interest-bearing debt certificate.
The securities issued by a government are generally designated as bonds instead of stock. The
securities issued by the United States government are designated as bonds, although formerly
known as stock. Some of the securities issued by the city of New York are designated as stock; but
municipalities as a rule designate their securities as bonds instead of stock.
by a corporation for by a municipality or government) is an interest-bearing debt certificate.
The securities issued by a government are generally designated as bonds instead of stock. The
securities issued by the United States government are designated as bonds, although formerly
known as stock. Some of the securities issued by the city of New York are designated as stock; but
municipalities as a rule designate their securities as bonds instead of stock.
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