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Peninsular Railway - Bond

Inv# RB5651   Bond
Peninsular Railway - Bond
State(s): Illinois
Indiana
Michigan
Years: 1870
$1,000/£200 7% Gold Bond. Three great vignettes by American Bank Note Co., NY. 52 of 55 coupons remain at bottom of bond. Exceptional!!!

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $345.00