What Does Bonds Mean?

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What does Bonds mean? Read on to discover the definition & meaning of the term Bonds - to help you better understand the language used in insurance policies.

Bonds

Bonds

a form of debt security whereby the debt holder has a creditor stake in the company. Obligations issued by business units, governmental units and certain nonprofit units having a fixed schedule for one or more future payments of money; includes commercial paper, negotiable certificates of deposit, repurchase agreements and equipment trust certificates.

We hope the you have a better understanding of the meaning of Bonds.

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