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unsecured bond

   Also found in: Financial, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.unsecured bond - the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
secured bond - a bond that is back by collateral


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25 billion of 5 year, and $500 million of 10 year, senior unsecured bonds based on a $9.
At a meeting on Saturday, 54 per cent of shareholders decided to exchange their unsecured bonds for a 10 per cent share in the new firm and warrants to purchase a greater share of the new General Motors (GM) in the future.
The senior unsecured bond carries a fixed interest rate of four percent per annum and has a five year maturity.
 
 
 
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