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assumed bond

American  

noun

  1. a bond issued by one corporation and assumed as an obligation by another.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

After admission to the Union, Vermont was as faithful to the newly assumed bond as she had been steadfast and unflinching in the assertion of her independence of Congress when that body attempted to exercise its authority over the unrecognized commonwealth.

From Project Gutenberg