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Bond is a surname of English origin. It was derived from the Old Norse (or rather, Icelandic) Bóndi, meaning 'farmer' or 'husbandman'. These Bóndi were generally considered the core of Norse/Viking society. This word and personal name evolved into the personal name (and eventually, surname) Bonde with the Norman Conquest of 1066. Notable ...
In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date and interest (called the coupon) over a specified amount of time. [1])
Gilt-edged securities, also referred to as gilts, are bonds issued by the UK Government. The term is of British origin, and then referred to the debt securities issued by the Bank of England on behalf of His Majesty's Treasury, whose paper certificates had a gilt (or gilded) edge, hence the name.
The popular belief that the word Ouija comes from the French (oui) and German (ja) words for yes is a misconception. In fact, the name was given from a word spelled out on the board when medium Helen Peters Nosworthy asked the board to name itself. When asked what the word meant, it responded "Good Luck". [2] [11]
A key term in nearly every surety bond is the penal sum. This is a specified amount of money which is the maximum amount that the surety will be required to pay in the event of the principal's default. This allows the surety to assess the risk involved in giving the bond; the premium charged is determined accordingly. [citation needed]
In the financial sense of the word, each bond is a different slice of the deal's risk. Transaction documentation (see indenture) usually defines the tranches as different "classes" of notes, each identified by letter (e.g., the Class A, Class B, Class C securities) with different bond credit ratings.
The James Bond franchise is one of the highest-grossing media franchises of all time. The films constitute one of the longest continually running film series and have grossed over US$7.04 billion in total at the box office, making James Bond the fifth-highest-grossing film series to date, which started in 1962 with Dr.
Therefore, if interest rates fall and bond prices rise, a firm will benefit from the sinking fund provision that enables it to repurchase its bonds at below-market prices. In this case, the firm's gain is the bondholder's loss – thus callable bonds will typically be issued at a higher coupon rate, reflecting the value of the option.