Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date. Interest is usually payable at fixed intervals (semiannual, annual, sometimes monthly). Very often the bond is negotiable, i.e. the ownership of the instrument can be transferred in the secondary market. This means that once the transfer agents at the bank medallion stamp the bond, it is highly liquid on the second market.

Thus a bond is a form of loan or IOU: the holder of the bond is the lender (creditor), the issuer of the bond is the borrower (debtor), and the coupon is the interest. Bonds provide the borrower with external funds to finance long-term investments, or, in the case of government bonds, to finance current expenditure. Certificates of deposit (CDs) or short term commercial paper are considered to be money market instruments and not bonds: the main difference is in the length of the term of the instrument.

Chemical bond

A chemical bond is a lasting attraction between atoms that enables the formation of chemical compounds. The bond may result from the electrostatic force of attraction between atoms with opposite charges, or through the sharing of electrons as in the covalent bonds. The strength of chemical bonds varies considerably; there are "strong bonds" such as covalent or ionic bonds and "weak bonds" such as Dipole-dipole interaction, the London dispersion force and hydrogen bonding.

Since opposite charges attract via a simple electromagnetic force, the negatively charged electrons that are orbiting the nucleus and the positively charged protons in the nucleus attract each other. An electron positioned between two nuclei will be attracted to both of them, and the nuclei will be attracted toward electrons in this position. This attraction constitutes the chemical bond. Due to the matter wave nature of electrons and their smaller mass, they must occupy a much larger amount of volume compared with the nuclei, and this volume occupied by the electrons keeps the atomic nuclei relatively far apart, as compared with the size of the nuclei themselves. This phenomenon limits the distance between nuclei and atoms in a bond.

Bond (1810 cricketer)

Bond (first name and dates unknown) was an English first-class cricketer associated with Marylebone Cricket Club (MCC) who was active in the 1800s. He is recorded in one match, totalling 8 runs with a highest score of 8 not out.

References

Bibliography

Bond (crater)

Bond Crater is a crater in the Argyre quadrangle on Mars, located at 33.2° south latitude and 36° west longitude. It is 110.6 km in diameter and was named after George P. Bond, an American astronomer (1825–1865).

Bond Crater, as seen by CTX camera (on Mars Reconnaissance Orbiter). There is an impact crater in the center of the crater, along with a curved ridge.

Bond Crater, as seen by CTX camera (on Mars Reconnaissance Orbiter). There is an impact crater in the center of the crater, along with a curved ridge.

Bond Crater Floor, as seen by HiRISE.

Bond Crater Floor, as seen by HiRISE.

See also

References