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Montreal Northern Railway - Bond

Inv# RB5354   Bond
Montreal Northern Railway - Bond
Country: Canada
Years: 1903
$1,000 5% Mortgage Gold Bond. British American Bank Note Co, Ottawa. All 100 coupons present. Unusual. Superb Condition!

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: $125.00