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assumed bond

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noun

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

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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"High culture is nothing but a child of that European perversion called history, the obsession we have with going forward, with considering the sequence of generations a relay race in which everyone surpasses his predecessor, only to be surpassed by his successor. Without this relay race called history there would be no European art and what characterizes it: a longing for originality, a longing for change. Robespierre, Napoleon, Beethoven, Stalin, Picasso, they're all runners in the relay race, they all belong to the same stadium."

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