Unsecured Bond

Business / Taxes / Unsecured Bond: When a bond isn't backed by collateral or security of some kind, such as a mortgage, that can be used to repay the bondholders if the bond issuer defaults, the bond is described as unsecured. However, most unsecured bonds pose limited risk of default, since the companies that issue them are usually financially sound. Unsecured bonds are also known as debentures.

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
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Secured Bond

Business / Finance / Secured Bond: A bond backed by the pledge of collateral, a mortgage, or other lien, as opposed to an unsecured bond, called a debenture . MORE

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. MORE

Perpetual Bond

Business / Finance / Perpetual Bond: Nonredeemable bond with no maturity date that pays regular interest rates indefinitely. MORE

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