Bond

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Bond is an interest-bearing note payable usually in $1,000 denominations issued by a corporation to a large group of lenders.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Bond. An interest-bearing note payable usually in $1,000 denominations issued by a corporation to a large group of lenders.

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Bond. A promissory note issued by a business or a governmental unit.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Bond. A long-term debt instrument.

According to Macroeconomics by Mankiw (7th edition),

Bond. A document representing an interest-bearing debt of the issuer, usually a corporation or the government.

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