Word 'Bond' - Indian Laws - General

Word Bond Bond dictionary means a certificate or evidence of debt. In Oxford Dictionary it is defined as, binding engagement, agreement, deed by which person binds himself to pay another; government s or public company s documentary promise to repay borrowed money. Stroud s Judicial Dictionary defines it as, an obligation by deed. Black s Law Dictionary defines it as, a certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. In every case a bond represents debt-its holder is a creditor. Commonly, bonds are secured by a mortgage . STATE OF KERALA AND ORS. VERSUS MCDOWELL AND CO. LTD. - 1994 (2) TMI 325 - SUPREME COURT