Bond
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.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
