Bond Coupon - Law Dictionary Search Results
Home Dictionary Name: bond couponBond coupon
Bond coupon, means a part of a coupon bond that is clipped by the holder and surrendered to obtain an interest payment, Black Law Dictionary, 7th Edn., p. 175....
coupon bond
coupon bond see bond ...
zero-coupon bond
zero-coupon bond see bond ...
Zero coupon bond
Zero coupon bond. means a bond:(a) issued by any infrastructure capital company or infrastructure capital fund or public sector company on or after the 1st day of June, 2005;(b) in respect of which no payment and benefit is received or receivable before maturity or redemption from infrastructure capital company or infrastructure capital fund or public sector com-pany; and(c) which the Central Government may, by notification in the Official Gazette, specify in this behalf. [Income Tax Act, 1961 (43 of 1961), s. 2(48)]....
Bond
Bond [fr. binda, band, bunden, A. S., to bind], a written acknowledgement or binding of a debt under seal. See DEED. No technical form of words is necessary to constitute a bond; see Gerrard v. Clowes, (1892) 2 QB 11; Strickland v. Williams, (1899) 1 QB 382. The person giving the bond is called the obligor, and he to whom it is given the obligee. A bond is called single (simplex obligatio) when it is without a penalty, but there is generally a condition added, that, if the obligor does or forbears from some act, the obligation shall be void, or else shall remain in full force, and the bond is then called a double or conditional one; see Dav. Prec. Vol. V., pt. Ii., p. 268. When a bond contains a penalty, which is generally double the amount of the principal sum secured, only the sum actually owing, with interest, can be recovered, and in no case can this exceed the amount appearing on the face of the bond. See 8 & 9 Wm. 3, c. 11, s. 8; Re Dixon, (1900) 2 Ch 561.Although it is unnecessa...
bond
bond 1 a : a usually formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure to perform or abstain will obligate the person or often a surety to pay a sum of money or will result in the forfeiture of money put up by the person or surety ;also : the money put up NOTE: The purpose of a bond is to provide an incentive for the fulfillment of an obligation. It also provides reassurance that the obligation will be fulfilled and that compensation is available if it is not fulfilled. In most cases a surety is involved, and the bond makes the surety responsible for the consequences of the obligated person's behavior. Some bonds, such as fidelity bonds, function as insurance agreements, in which the surety promises to pay for financial loss caused by the bad behavior of an obligated person or by some contingency over w...
coupon
coupon [French, from Old French, piece, from couper to cut] : a statement of due interest to be cut from a debt instrument and esp. a bearer bond when payable and presented for payment ;also : the interest rate of a coupon ...
STRIP
STRIP pl: STRIPs [separate trading of registered interest and principal of securities] : a Treasury security that entitles the investor usually to payment of interest or principal exclusively and that is registered in a Federal Reserve bank under a federal program that provides for such separate trading of the components of U.S. Treasury obligations compare zero-coupon bond at bond ...
Exchequer Bonds
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....
Coupon
A certificate of interest due printed at the bottom of transferable bonds state railroad etc given for a term of years designed to be cut off and presented for payment when the interest is due an interest warrant...
- << Prev.
- Next >>