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guaranteed bond

American  

noun

  1. a bond issued by a corporation in which payment of the principal, interest, or both is guaranteed by another corporation.

Etymology

Origin of guaranteed bond

First recorded in 1960–65

Example Sentences

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Because the appeal outcome is far from guaranteed, bond companies have strict rules for providing collateral.

From Slate ● Mar. 21, 2024

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.

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