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City of Passaic, NJ - Bond

Inv# GB5009   Bond
City of Passaic, NJ - Bond
State(s): New Jersey
Years: 1934
Color: Gr-Blk
$1,000 Bond. City seal. Chemical Bank Note Co, NJ.

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: $20.00