public bond

public bond
A bond issued by a state, municipality, or other public body, usually, although not necessarily, under seal, constituting a promise binding the obligor to pay a sum of money to the holder thereof or to bearer, and, where made payable to order, or to bearer, having all the qualities of commercial paper. 43 Am J1st Pub Sec § 6.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • public bond — noun : a bond issued by the government (as a nation or state) or by a subsidiary incorporated governmental authority or by a municipality …   Useful english dictionary

  • Public Placement —    A public bond placement is to a market in general, rather than to selected investors. It is usually listed on a stock exchange in relatively small denominations. The costs to the issuer are usually more than for a private placement, but there… …   Financial and business terms

  • Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… …   Wikipedia

  • bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure …   Law dictionary

  • Public/social/private partnership — Public/social/private partnerships are methods of co operation between private and government bodies.BackgroundModels of cooperation between the market and the state: examples from AustriaThe name “public social private partnership” (PSPP) is a… …   Wikipedia

  • bond — ► NOUN 1) a thing used to tie or fasten things together. 2) (bonds) physical restraints used to hold someone prisoner. 3) a force or feeling that unites people. 4) a binding agreement. 5) a certificate issued by a government or a public company… …   English terms dictionary

  • Public-private partnership — (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3.In some types of PPP …   Wikipedia

  • public debt — n. 1. the total debt of all governmental units, including those of state and local governments 2. NATIONAL DEBT * * *       obligations of governments, particularly those evidenced by securities, to pay certain sums to the holders at some future… …   Universalium

  • bond anticipation note — ( BAN) A short term note sold by a public entity that will be repaid from the proceeds of an anticipated bond issue. American Banker Glossary BAN A short term debt instrument issued by a state or municipality to borrow against the proceeds of an… …   Financial and business terms

  • Public Securities Association — ( PSA) Former name for the Bond Market Association. See also PSA model. American Banker Glossary ( PSA) The trade association for primary dealers in US government securities, including MBSs. In 1997, they be …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”