Paterson and Passaic Horse Railroad Bond -SOLD

Inv# RB8001   Bond
Paterson and Passaic Horse Railroad Bond -SOLD
State(s): New Jersey
Years: 1880
Railroad Bond; Coupons 3 through 20 attached; SOLD
Condition: Very Good

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.
OUT OF STOCK