secured bond

(eg. metaphor, synonym, literature )

secured bond Meaning of "secured bond"

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Definition(s):

  • (n) a bond that is back by collateral

Usage(s):

  • Despite fears that Bakker's fans might spirit him out of the country, Potter freed the telefelon on a $250,000 secured bond; he must report daily to an Orlando parole officer.
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/ɪn ˈsɛn di ɛ ri /

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