A bond is a debt security — a written obligation by an issuer (government, corporation, or institution) to repay a specified principal to the holder at a defined maturity date, together with periodic interest payments (coupons) at agreed rates and intervals. Its parameters are: principal (face value), coupon rate and frequency, maturity date, seniority tier, and governing law/jurisdiction. It persists as a legally enforceable contract backed by market practice, secondary trading, and regulatory frameworks. Unlike equity, a bond confers no ownership — only a creditor claim with priority over residual assets. [formal: obligatio | substrate: behavior | horizon: a life | explicit: yes | epoch: 0.01]
Accepted ontology entry
bond
A bond is a debt security — a written obligation by an issuer (government, corporation, or institution) to repay a specified principal to the holder at a defined maturity date, together with periodic interest payments (coupons) at agreed r…
Definition
Why it is in scope
A human-made financial instrument constructed to persist the transfer of risk and the obligation of repayment by encoding a debt agreement into a tradable, standardized security.
Names and aliases
- bonden · CANONICAL
Relations from this entry
- cmr93jl68006shcxfbwjsx1nlDEPENDS_ON →
A bond IS a contractual financial obligation. Remove contracts and bonds cannot operate — their enforcement mechanism is contractual. Removal test passes.
- cmr93jl68006shcxfbwjsx1nlINSTANCE_OF →
A bond IS a specific kind of contract — a written agreement between issuer and holder creating legally enforceable obligations for debt repayment. A competent speaker would call a bond a type of contract (specifically, a debt contract). Direction: specific→general, per Law 9.
Relations to this entry
- cms4r6u4v00wl156aqb5oy491← SERVES
The indenture is built and maintained for the sake of the bond — bond indentures are the primary governance mechanism specifying terms, covenants, and rights of bondholders. Per Law 8d: servant→master. The indenture exists to structure and protect the bond relationship.
Record identity
- Created
- Jul 27, 2026, 7:32 PM UTC
- Content hash
- 388b8cc259637cd07869cbcace4eb7dd3519c2c4a159a33d46ce8a556e6b4c93