TeachMeFinance.com - explain Drawn bond
Drawn bond -- One drawn for redemption, that is, for payment.
Such a bond belongs to an issue a certain amount of which
(so many bonds ) is drawn for redemption at stated intervals.
A drawing takes place and the bonds bearing the numbers
drawn are redeemed. The numbers are drawn by a disinterested
person from a box, basket or other receptacle.
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