guaranteed bond
- A type of bond where another company assures the fulfillment of interest, principal, or both, apart from the company that issued the bond
- The small company was trusted by investors thanks to the guaranteed bond backed by a leading corporation.
- With the security of the guaranteed bond, the lender could confidently invest large sums of money.
- Due to the bankruptcy of the issuer, the third-party corporation stepped in to fulfill the obligations of the guaranteed bond.
Provide Feedback
