bond noun definition in Economy topic from the Oxford Advanced Learner's Dictionary


 noun: Economy topic
1 [countable] an agreement by a government or a company to pay you interest on the money you have lent; a document containing this agreement government bonds2 [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)

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