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assumed bond
as·sumed bond (plural as·sumed bonds)


noun 
Definition:
 
bond taken over by second company: a long-term debt issued in the name of one company, liability of payment for which is transferred to another company
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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