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

• bond issue — bonds sold by a corporation or government agency at a particular time and identifiable by date of maturity
• convertible bond — a bond that can be converted to other securities under certain conditions
• corporate bond — a bond issued by a corporation
• coupon bond, bearer bond — a bond issued with detachable coupons that must be presented to the issuer for interest payments
• government bond — a bond that is an IOU on the United States Treasury; considered the safest security in the investment world
• junk bond — a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
• municipal bond — a bond issued by a state or local government
• noncallable bond — a bond containing a provision that the holder cannot redeem the security before a specific date (usually at maturity)
• performance bond, surety bond — a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
• post-obit bond — a bond made by a reversioner to secure a loan; payable out of his reversion
• registered bond — a bond whose owner is recorded on the books of the issuer; can be transferred to another owner only when endorsed by the registered owner
• revenue bond — a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond
• secured bond — a bond that is back by collateral
• unsecured bond, debenture, debenture bond — a bond that is backed by the credit of the issuer but not by any specific collateral
• zero coupon bond — a bond (corporate or government) that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond
• Premium Bond — (United Kingdom) a government bond that bears no interest or capital gains but enters the holder into lotteries

• debt instrument, certificate of indebtedness — a written promise to repay a debt
• security, certificate — a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends