Bond certificate and Obligation

Bond certificate noun - A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.

Obligation and bond certificate are semantically related. In some cases you can use "Obligation" instead a noun phrase "Bond certificate".

Obligation noun - Something one must do because of prior agreement.

Bond certificate and obligation are semantically related. Sometimes you can replace phrase "Bond certificate" with "Obligation", this terms are similar.

Nearby Words: oblige, obliging, obligatory, obliged, obligate