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.

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