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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词条贡献者

译者Pablo，毕业于国内一流的高级翻译学院，擅长翻译各种与消费者财务监管相关的法律文件。