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Business Dictionary :
Bonanza and Bond
Bonanza and Bond
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Bonanza : noun : great wealth ; very profitable business
• The oil well was a bonanza for the company.
• 1984 was a bonanza year for the computer industry.
Bond : noun :
(a) contract document promising to repay money borrowed by a company or by the government
• Government Bonds
• Treasury Bonds
• Municipal Bond or local authority bond = bond issued by a town or district
(b) contract document promising to repay money borrowed by a person
Bearer Bond = bond which is payable to the bearer and does not have a name written on it
Debenture Bond = certificate showing that a debenture has been issued
Mortgage Bond = certificate showing that a mortgage exists and that property is security for it
Premium Bond = government bond part of the National Savings scheme which pays no interest, but gives the owner the chance to win a weekly or monthly prize
(c) Goods (held) in bond = goods held by the customs until duty has been paid
• Entry of goods under bond = bringing goods into a country in bond
• To take goods out of bond = to pay duty on goods so that they can be released by the customs