Definition of Joint bond

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TeachMeFinance.com - explain Joint bond




historic definition...

Joint bond -- A bond for the payment of the principal and interest on which two (or more) parties are jointly bound. Such a bond is not uncommon in railroad issues. Two railroads may jointly guarantee both principal and interest on bonds issued to acquire a third railroad which is to be owned by the first two in common.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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