- Bonds are issued, not only by businesses, but also by national, state, or city governments, or other public bodies, or sometimes by individuals.
- Bonds are a loan to the company or other body; they are normally repayable within a stated period.
- Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results.
- A bondholder is a creditor of the undertaking.
George H. LaBarre Galleries - Collectible Old Stocks and Bonds and Old Stocks and Bonds
http://www.glabarre.com A foreign antique stock and bond company.
The Scripophily Guide by Howard Shakespeare. Reprinted with permission from International Bond & Share Society