guaranteed bond

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

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