BOND POWER
\bˈɒnd pˈa͡ʊə], \bˈɒnd pˈaʊə], \b_ˈɒ_n_d p_ˈaʊ_ə]\
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An instrument that transfers ownership of bonds from the current owner to another party. The power of attorney is given to the named entity so they can give the bond to whomever they wish. It can be mortgaged or sold seperately from the certificate.
By Henry Campbell Black
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