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bond (Gl, M2)<br />1 A promise under seal to pay money.<br /> 2 A fixed interest security issued by a government, corporation or company.<br /><em>See also:</em> deep discount bond; government bond; junk bond; straight bond
off-exchange instrument (G2)<br />A financial product that is not traded on an official stock exchange but resembles officially recognized products. An example is a bank CERTIFICATE OF DEPOSIT linked to the performance of STANDARD & POOR'S 500 stock index.
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