If you are searching for the meaning of Bond in real estate and also a definition of Bond, then this blog post is helpful for you
Definition
(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction project. If the person who purchased the bond fails at his or her task, the bonding company will pay the aggrieved party an amount up to the value of the bond.
(2) An interest-bearing document issued by a government or company as evidence of a debt. A bond provides pre-determined payments at a set date to the bondholder. Bonds may be “registered” bonds, which provide payment to the bondholder whose name is recorded with the issuer and appears on the bond certificate, or “bearer” bonds, which provide payments to whoever holds the bond in-hand. Mortgage interest rates are closely related to long term bond interest rates.
Definition
(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction project. If the person who purchased the bond fails at his or her task, the bonding company will pay the aggrieved party an amount up to the value of the bond.
(2) An interest-bearing document issued by a government or company as evidence of a debt. A bond provides pre-determined payments at a set date to the bondholder. Bonds may be “registered” bonds, which provide payment to the bondholder whose name is recorded with the issuer and appears on the bond certificate, or “bearer” bonds, which provide payments to whoever holds the bond in-hand. Mortgage interest rates are closely related to long term bond interest rates.
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