A bond in this context is issued by a surety company and is a form of guarantee. Security can take the form of a cash deposit, an Irrevocable Letter of Credit or a surety bond.
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Surprisingly hard question. I'll go out on a limb here:A bond is a loan represented by a Security (UCC 8-102 (15))
is a letter of credit considered the same as a supercedeas bond?
The bond bid price is the highest price a buyer is willing to pay for a bond, while the bond ask price is the lowest price a seller is willing to accept for the bond. The difference between the bid and ask price is known as the bid-ask spread.
What is the difference between a bond agreement and a bond indenture?Bond Agreement: A contract for privately placed debt.Bond Indenture: A blanket agreement between a corporation and its bond holders that states the interest rate, maturity date, and other terms and conditions of the bond issue.Based on these two definitions a bond agreement is more of a private agreement between the company and the bond purchaser where the bond indenture is more of a legal agreement. Bond agreement could get complicated if it isn't a trusted person where the bond indenture appears as a contractual agreement to keep people honest.
An unsecured bond is not backed by collateral, while a secured bond is backed by specific assets that can be claimed by the bondholder if the issuer defaults.