Bond Payable
/ˈbɑːnd ˈpeɪəbl/
Definitions
- (n.) A debt security issued by a corporation, municipality, or government, obligating the issuer to pay the bondholder a specified sum at maturity along with interest.
The company issued bonds payable to finance its expansion.
Forms
- bond payable
- bonds payable
Related terms
See also
Commentary
In drafting agreements involving bonds payable, clearly specify terms such as interest rate, maturity, and redemption to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.