City of Philadelphia - Various Denominations BondInv# GB5202 Bond
Various Denominations Bond with 7 engraved vignettes of Wm Penn, Henry Clay, Independence Hall, Washington, Franklin, blacksmith, woman with wheat. Classic!
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.