guaranteed bond

noun

1. a bond issued by a corporation in which payment of the principal, interest, or both is guaranteed by another corporation.

Word History and Origins

Origin of guaranteed bond¹

First recorded in 1960–65

Example Sentences

Because the appeal outcome is far from guaranteed, bond companies have strict rules for providing collateral.

From Slate

The sale or lease of the incinerator and parking system would have reduced the burden, and the county and insurer would have waived fees and penalties and would have guaranteed bond sales to refinance the remaining $26 million debt, the consultants said.

From BusinessWeek