Library / English Dictionary

    UNSECURED BOND

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

    The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the futureplay

    Synonyms:

    debenture; debenture bond; unsecured bond

    Classified under:

    Nouns denoting possession and transfer of possession

    Hypernyms ("unsecured bond" is a kind of...):

    bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)

    Antonym:

    secured bond (a bond that is back by collateral)

    Credits


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