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The bond is the legal relationship between at least two persons, by virtue of which one (the debtor) is obliged to perform or make performance to another person (the creditor). In the Securities Act, the bond is usually a fixed-interest partial debenture, i.e. a security of a larger, usually long-term debt (bonds), with a round amount.

Term-Nr.: 131

German: Obligation (575)

Source: LK-Lötscher, 11.05.2020

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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