BOND INDENTURE
\bˈɒnd ˌɪndˈɛnt͡ʃə], \bˈɒnd ˌɪndˈɛntʃə], \b_ˈɒ_n_d ˌɪ_n_d_ˈɛ_n_tʃ_ə]\
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A contract between bond issuer and buyer that states the terms of purchse. The interest ate, dates to pay, maturity date, and other terms are on the contract. If this is not met than penalties are incurred. AKA bond resolution. Refer to deed of trust.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.