Commentary

1.2 Simple or single bonds

BONDS vol 4(1)
| Commentary

1.2 Simple or single bonds

| Commentary

1.2 Simple or single bonds

A bond merely for the payment of a certain sum of money, without any condition in or annexed to it, is known as a simple or single bond1. Such instruments are obsolete and the term ‘single bond’ came to be used to describe bonds given by a sole obligor, rather than by two or more obligors.

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