Bond

Definition:

A fixed-interest security denominated in a round amount and issued as part of a bond issue. The individual bonds (securities) carry equal rights, with the issue conditions (interest rate, denomination, redemption terms, paying agents, guarantees, etc) uniformly specified. In contrast to bonds, medium-term notes are not issued during a specified period but continuously. Moreover, medium-term notes are not negotiable, unlike bonds which are as a rule exchange-listed.

Related terms:

Note receivable

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