WHAT IS BOND - SECURITY LAW NOTES
WHAT IS BOND - SECURITY LAW NOTES CS EXECUTIVE SECURITY LAW NOTES Bonds The debt segment of secondary market which mainly comprises of bonds. Bond: - A bond is simply a form of loan borrowed by the government, the municipality or a company. A bond purchaser who plays the role of a lender to such borrower institutions holds in return a negotiable certificate that acknowledges indebtedness of the bond issuer. Such certificates are also termed as bonds. Bonds normally are unsecured. The issuer pays the bond holder periodic interest ranging over the life of the loan. The secondary market for bonds in India is an over the counter market whereas the market for equities is a system-automated market. The buy orders and sell orders are electronically matched. We shall delve deeper into this in the following chapters.
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