Obligation Bond

Business, Legal & Accounting Glossary

Definition: Obligation Bond


Obligation Bond


Full Definition of Obligation Bond


Mortgage bond whose face value exceeds the value of the underlying property, and for which a personal obligation is created to compensate the lender for any costs that may exceed the value of the mortgage.


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https://payrollheaven.com/define/obligation-bond/
Modern Language Association (MLA):
Obligation Bond. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/obligation-bond/.
Chicago Manual of Style (CMS):
Obligation Bond. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/obligation-bond/ (accessed: March 29, 2024).
American Psychological Association (APA):
Obligation Bond. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/obligation-bond/

Definition Sources


Definitions for Obligation Bond are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.