1 - Evidence of a long-term debt, by which the bond issuer (the borrower) is obliged to pay interest when due, and repay the principal at maturity, as specified on the face of the bond certificate. The rights of the holder are specified in the bond indenture, which contains the legal terms and conditions under which the bond was issued. Bonds are available in two forms: registered bonds, and bearer bonds.
2 - A documentary obligation to pay a sum or to perform a contract; a debenture.
3 - A partial payment made to show a provider that the customer is sincere about buying a product or a service. If the product or service is not purchased the customer then forfeits the bond.
1 - To connect, secure or tie with a bond; to bind.
2 - To cause to adhere (one material with another).
3 - To form a chemical compound with.
