A Bail Bond is a monetary guarantee ensuring that an individual released from jail appears in court at the appointed time. If the individual fails to appear, the bond amount is forfeited to the court.
A closed-end mortgage is a mortgage-bond issue accompanied by an indenture that prohibits repayment before maturity and the repledging of the same collateral without the permission of the bondholders.
The face amount of a bond, also known as its face value, is the nominal or par value of the bond, representing the amount paid back to the bondholder at maturity.
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