Debenture Bond

Business / Finance / Debenture Bond: Any debt obligation backed strictly by the borrower's integrity, e.g. an unsecured bond. A debenture is documented in an indenture.

Other Words for Bond

Bond Noun Synonyms: tie(s), shackles, chains, fetters, manacles, handcuffs, trammels, thongs, cord(s), rope(s), restraint(s), constraint(s), check(s), control(s), rein(s)
Bond Verb Synonyms: cement, bind, hold together, stick, cohere
MORE

Debenture Stock

Business / Finance / Debenture Stock: An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated debenture bond and collateral trust b MORE

Par Bond

Business / Finance / Par Bond: A bond trading at its face value. MORE

PAC Bond

Business / Finance / PAC Bond: Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes. MORE

Passive Bond

Business / Finance / Passive Bond: A bond without any interest yield. MORE

Payment-In-Kind (PIK) Bond

Business / Finance / Payment-In-Kind (PIK) Bond: A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds. MORE

Performance Bond

Business / Construction / Performance Bond: An amount of money (usually 10% of the total price of a job) that a contractor must put on deposit with a governmental agency as an insurance policy that guarantees the contractors' proper and timely MORE

Links
Home
Glossary
Thesaurus