Lloyd’s bond

Hist. English law. A corporate bond issued on work done or goods delivered.

• A bond issued in this manner avoids any restriction on indebtedness existing either in law or in corporate bylaws. The term supposedly derives from an English lawyer named Lloyd, who is credited with devising the method.

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双语律师Philipp，国际知名法学院法律专业，擅长翻译各类与医疗保健相关诉讼相关的法律文件。