Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
guaranteed bond
1. A bond issued by a corporation and guaranteed by a third party. 0 This type of bond is common among railroads. - Also termed endorsed bond; assumed bond; joint bond. 2. A bond issued by a subsidiary corporation whose parent corporation guarantees the principal and interest payments. improvement bond See revenue bond.
guaranteed bond.
See BOND (3).