Classification and Description of Bonds

A comprehensive basis for the classification of bonds is not to be found in the bond lists nor in current market reports.The names and classes thus arranged are for purposes of convenient reference and usually follow the practice of the local exchange.Generally speaking, bonds receive their titles from one or more of the fol- lowing characteristics: (i) The character of the corporation using them; (2) the purpose of issue;(3) the nature of security given for payment; (4) the terms of payment, and (5) evidence of ownership and transfer.The first of these five characteristics is used as a basis for general classification.That is to say, quotations are usually arranged under the following heads:Government-state and national.Municipal and county.Railroad, express and steamship companies.Traction companies.Gas, electric light, and water companies.Bank and trust companies.Investment companies

Bond · Business · Computer Science · Modeling, Simulation, and Optimization

• Bibliography On Securities and Stock Exchanges

  Open Access•S S Huebner•The Annals of the American…•1910

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