Keyword Analysis & Research: debt bonding definition

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What is the legal definition of a bonded debt?

Bonded Debt Law and Legal Definition. Bonded debt is an indebtedness secured by a bond issue. It is a written obligation contracted for corporate purpose pursuant to law and to be paid out of taxes to be levied upon all property within the corporate boundaries.

What is the meaning of bonded labor?

Bonded Labor. Bonded labor, also known as debt bondage and peonage, happens when people give themselves into slavery as security against a loan or when they inherit a debt from a relative.

What is a bond and how do they work?

Bonds are a type of security sold by governments and corporations, as a way of raising money from investors. From the seller’s perspective, selling bonds is therefore a way of borrowing money.

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