Meaning of “guaranteed bond” in the English Dictionary

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"guaranteed bond" in Business English

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guaranteed bondnoun [ C ]

uk us also guaranty bond FINANCE

a bond whose interest payments another organization promises to pay if the person or organization that originally borrowed the money is unable to:

Guaranteed bonds have a better rating than similar unguaranteed issues as there is no risk of non-payment.

(Definition of “guaranteed bond” from the Cambridge Business English Dictionary © Cambridge University Press)