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guaranteed bond

noun
1.
a bond issued by a corporation in which payment of the principal, interest, or both is guaranteed by another corporation.
Origin
1960-1965
1960-65
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for guaranteed bond
  • Administrators are able to plan years in advance, knowing they have guaranteed bond money.

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