BOND COVENANT

bond covenant.A bond-indenture provision that protects bondholders by specifying what the issuer may or may not do, as by prohibiting the issuer from issuing more debt. See BOND INDENTURE(1). [Blacks Law 8th]

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BOND COUPON

bond coupon.The part of a coupon bond that is clipped by the holder and surrendered to obtain an interest payment. See coupon bond under BOND(3).[Blacks Law 8th]

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BOND CONVERSION

bond conversion.The exchange of a convertible bond for another asset, usu. stock.[Blacks Law 8th]

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BOND

BOND bond,n.1. An obligation; a promise. “[A]n obligation, or in English a ‘bond,’ is a document written and sealed containing a confession of a debt; in later times ‘contract’ is the genus, ‘obligation’ the species.” 2 Frederick Pollock & Frederic W. Maitland, The History of English Law 207 (2d ed. 1899). A written promise to…

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