1803 dated Massachusetts $1,000 Bond - Colonial Bonds
Inv# CD1012
Bond
$1,000 Bond payment to Major Moses Porter of the United States Army. Early! Front and back shown.
Moses Porter (20 March 1756 – 14 April 1822) was a general in the United States Army during the War of 1812. His career lasted for over 40 years and he is one of the few officers who served in both the American Revolution and the War of 1812.
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.
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