Bond And Mortgage in United States

Practical Information

Note: Some of this information was last updated in 1982

A legal instrument that is written evidence of an obligation, traditionally under seal, the payment of which is secured by a mortgage (in U.S. law) (the conditional conveyance) on the property of the issuer. In a bond and mortgage both the evidence of obligation and the terms and conditions of payment to be met are combined in the same document.

(Revised by Ann De Vries)

What is Bond And Mortgage?

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