Bonds


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Bonds

 

(1) Short-term promissory notes issued by a treasury, municipal bodies, or private firms of capitalist countries and used by their holders as a means of purchase and payment. They fulfill the role of surrogate cash. They circulate and are in demand on the stock market. They are used for drawing up small money orders (postal bonds). In France the term “bond” is applied to various credit documents: short-term treasury obligations (“bons du trésor”), bank checks, and postal and other documents. In the USSR the term “bond” before the monetary reform of 1922–24 referred to two usages. The first usage included notes that were issued by various institutions and enterprises and that circulated sometimes as surrogate money when there was a shortage of small-denomination banknotes. The second included banknotes that were issued by local authorities during the Civil War when they were cut off from the center. After the monetary reform, the issue of bonds in the USSR was discontinued.

(2) The term “bond” is also used for paper money that has been taken out of use and has become a collector’s item.

References in classic literature ?
But you know none are so formal as bankers in transacting business; I intended this money for the charity fund, and I seemed to be robbing them if I did not pay them with these precise bonds. How absurd -- as if one crown were not as good as another.
"Certainly, I excuse you," said Monte Cristo graciously, "and pocket them." And he placed the bonds in his pocket-book.
Then he moved in his bonds, and his furious exertions made the ancient wheel of the pillory shriek on its axle.
While she spoke Tarzan could feel her working about his bonds. Occasionally the cold steel of a knife touched his flesh.
She had no knife and the bonds were tied tightly but she worked quickly and coolly and as Zu-tag and his apes closed with the warriors, she succeeded in loosening Tarzan's bonds sufficiently to permit him to extricate his own hands so that in another minute he had freed himself.
"It is no use," she is told, "Shylock will have his bond, and nothing but his bond."
I crave the law, The penalty and forfeit of my bond. PORTIA.
The letter states that young Matthews had been left in charge of the farm; that he gave an order to the servant, which was dis- obeyed, when he proceeded to the house, ~obtained a gun, and, returning, shot the servant.~ He immedi- ately, the letter continues, fled to his father's resi- dence, where he still remains unmolested."--Let it never be forgotten, that no slaveholder or overseer can be convicted of any outrage perpetrated on the person of a slave, however diabolical it may be, on the testimony of colored witnesses, whether bond or free.
Meantime little Heinel grew up, and as the end of the twelve years drew near the merchant began to call to mind his bond, and became very sad and thoughtful; so that care and sorrow were written upon his face.
The old man held his tongue, but Heinel said again, 'What do you want here?' The dwarf said, 'I come to talk with your father, not with you.' 'You have cheated and taken in my father,' said the son; 'pray give him up his bond at once.' 'Fair and softly,' said the little old man; 'right is right; I have paid my money, and your father has had it, and spent it; so be so good as to let me have what I paid it for.' 'You must have my consent to that first,' said Heinel, 'so please to step in here, and let us talk it over.' The old man grinned, and showed his teeth, as if he should have been very glad to get into the circle if he could.
Of this kind is the gout, which serves as a bond of brotherhood to the purple-visaged gentry, who obey the herald's voice, and painfully hobble from all civilized regions of the globe to take their post in the grand procession.
We might find innumerable other instances, where the bond of mutual disease--not to speak of nation-sweeping pestilence--embraces high and low, and makes the king a brother of the clown.