Ford International Capital Corp. - 1969 dated $1,000 Automotive Bond - Famed Co. from Ford vs. Ferrari Movie
Inv# AB5000 Bond
$1,000 Automotive Bond. Vignette of Henry Ford with early prototype of car. Vertical format. Great bond!!! Rare!!! Available in Pink or Blue. Please specify color. Famed Company from Ford vs. Ferrari Movie.
Ford International Capital Corporation was founded in March 1968 as a fully-owned subsidiary of Ford Motor Company. The purpose of the company was to offer loans to purchasers, not limited to the United States, supported by Ford’s guaranteed debentures. These debentures were secured by Ford's physical assets and could ultimately be converted into common stock of the Ford Motor Company.
The bond includes the facsimile signature of J. Edward Lundy, a member of the Whiz Kids—an influential group of ten young US Army Air Forces veterans recruited by Henry Ford II in 1946. Lundy, who began his career as a financial planning manager, swiftly gained recognition, significantly contributing to the development of financial forecasting as an essential business management tool. The term "Lundyism" continues to be utilized by some of Ford Motor Company's finance personnel to refer to particular grammatical, typographical, and formatting conventions in the preparation of financial reports. Ford International Capital Corporation was incorporated in Delaware and maintained an office in Hamilton, Bermuda.
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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