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Joint Bond

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Joint Bond
A bond that is guaranteed by a party other than the issuer. Also called a "joint-and-several bond."

Notes:
These are commonly used when a parent company is required to guarantee the bonds of a subsidiary.


Joint bond
A bond that is guaranteed by the issuer and a party other than the issuer.

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With the LWB inject cycle using the high speed LWB flex control--when we reach hold or phase 2 pressure, it is a more accurate and repeatable transition because of the high speed flex control and secondly, there is no sleeve check to float; therefore there is no cavity pressure fluctuations as is with reciprocating screw units--thus a better joint bond.
 
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