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|Noun||1.||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