Bond/Debenture
Bond is a document by which a public limited company borrows the funds for a defined period of time at a variable or fixed interest rate.
According to L.J. Gitman,” a corporate bond is a certificate indicating that a corporation has borrowed a certain amount of money from an institution or an individual and promises to repay it in the future under clearly defined term.”
Bond is a negotiable instrument evidencing debt, under which the issuer promises to pay the holder its face value plus interest as agreed. The cost price of an asset less accumulated depreciation.
Category: Banking & Finance
Previous: ← Right share
Next: Arbitrage →
More from this Section
- Hague-Visby Rules
Hague-Visby Rules are set of rules amending The Hague rules, published in 1968, which ... - “animal spirits”
“animal spirits” means Waves of optimism and pessimism that affect consumers’ and ... - Public benefits
Public benefits is the aspect of a bank merger or holding-company acquisition application ... - Special drawing rights (SDRs)
Special drawing rights (SDRs) is an IMF-issued paper substitute for gold that functions ... - Loss frequency
Loss frequency means the probable number of losses that may occur during some given time ...