Exchequer Bonds
Legal definition for Indian law research
Definition
Exchequer Bonds, with coupons for interest, forming another part of the' Unfunded Debt' of the country, first issued in 1853. Authorized up to ten millions by the (English) Finance Act, 1905, and repayable by annual drawings at par in ten years.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.