Guaranteed Bond

Business / Finance / Guaranteed Bond: A commercial bank's letter assuring payment of the exercise price of a client's put option.

Other Words for Bond

Bond Verb Synonyms: cement, bind, hold together, stick, cohere
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)
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Obligation Bond

Business / Debt / Obligation Bond: Mortgage bond whose face value exceeds the value of the underlying property, and for which a personal obligation is created to compensate the lender for any costs that may exceed the value of the mort MORE

Nine-Bond Rule

Business / Finance / Nine-Bond Rule: An NYSE rule requiring that orders for nine bonds or fewer stay on the floor for one hour to seek a market. MORE

Optional Payment Bond

Business / Finance / Optional Payment Bond: A bond whose principal and/or interest may be paid in foreign or domestic currency at the discretion of the bondholder. 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

Par Bond

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

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