What is the definition of Assumed bond? | Dictionary.net

ASSUMED BOND

\ɐsˈuːmd bˈɒnd], \ɐsˈuːmd bˈɒnd], \ɐ_s_ˈuː_m_d b_ˈɒ_n_d]\

Definitions of ASSUMED BOND

1910 - Black's Law Dictionary (2nd edition)

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A BOND issued by one company that is the legal LIABILITY of another company such as might be found between a parent and subsidiary or two joint venture partners.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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