English

bond noun definition in Buying a home topic from the Oxford Advanced Learner's Dictionary

bond

 noun: Buying a home topic
[countable] (also mortgage bond) (South African English) a legal agreement by which a bank lends you money to buy a house, etc. which you pay back over many years; the sum of money that is lent to pay off a bond We had to take out a second bond on the property. bond rates (= of interest)