# Obligation (debenture, debt security, bond; obligation)

- Canonical URL: https://www.gerhardmerk.de/obligation-debenture-debt-security-bond-obligation
- Post ID: 589871
- Modified: 2023-07-25T21:14:21+00:00
- Language: en

## Definition

Any debt obligation structured as a security with a fixed or variable interest rate and a given maturity; other term for bond. - A debt relationship between two persons. The one who owes is called the debtor, the one who is owed is called the creditor (any act by which a person becomes bound to do something to or for another, or to forbear something; it may also be defined to be a deed whereby a party binds himself under a penalty to do a thing). - See bond, financial instrument. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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