Definition: Bond

Category: SNA

A bond is a security that gives the holder the unconditional right to a fixed money income or contractually determined variable money income over a specified period of time and (except in the case of perpetual bonds) the right also to a fixed sum as repayment of principal on a specified date or dates (§ 12.108). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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