Derek Moran
BOND:
1. written instrument with SURETIES, guaranteeing faithful performance of acts or duties contemplated
2. evidence of a debt
3. a binding agreement, a COVENANT between two or more persons, or an instrument UNDER SEAL by which the MAKER BINDS HIMSELF, and usually also his heirs, executors, and administrators or, if a corporation, their successors, to do or not to do a specified act
4. may be the OBLIGATION of a STATE, its subdivision, or a private corporation, represented by CERTIFICATE FOR PRINCIPAL, and by DETACHABLE COUPONS for current INTEREST
5. includes all INTEREST-BEARING OBLIGATIONS of persons, firms, and corporations
6. Bond debt is secured or guaranteed primarily by the ability of the ISSUER/BORROWER, to pay the INTEREST when due, and to repay the principal at maturity
7. CERTIFICATE OF INDEBTEDNESS