Busted Bond

(redirected from Old Bonds)

Busted Bond

1. A bond that has defaulted and on which further payments are extremely unlikely or impossible. Busted bond certificates have become collectors' items. A busted bond is also called an old bond.

2. See: Busted convertible.
References in periodicals archive ?
20, 2015 /PRNewswire/ -- The Republic of Uruguay ("Uruguay") announced today the aggregate principal amount of Preferred Tenders and Non-Preferred Tenders of each series of Old Bonds that has been validly tendered and accepted pursuant to its tender offer previously announced (the "Tender Offer") to purchase for cash bonds of each series listed in the table below, subject to the terms and conditions contained in the Offer to Purchase, dated October 19, 2015 ("Offer to Purchase").
And Sir Roger said: "I think viewers will most enjoy seeing that old Bonds never die.
5 billion were used to switch and retire old bonds $500 million in new money will be used for funding the budget.
Vietnam also announced today the commencement of an invitation (the "Invitation") to holders of bonds of each series listed in the table below (the "Old Bonds") to submit offers to sell their Old Bonds for cash up to an aggregate amount to be determined by the Government in its sole discretion (the "Maximum Purchase Amount").
If voters reject the levy, the school bond-payment portion of their property taxes would decline as old bonds were paid off, starting with a drop of about 76 cents per $1,000, or $132 a year on a median-assessed home, in 2018.
So is lighting, especially if you have an ugly date" Motoring journalist Jeremy Clarkson "Now is the time of the year when loonier adherents burst through the common old bonds of painting and sculpture and run amok.
The people of two countries enjoyed centuries old bonds of friendship and cultural affinity, a statement issued by foreign office on Thursday said.
The people of two countries enjoy centuries old bonds of friendship and cultural affinity.
Robbie, 38, from Colwall in Worcestershire, says that if he hadn't tracked down his old bonds, he would never have put more money in.
From a public relations standpoint, it might have done the district well to have burned through its old bonds before seeking a new one.
Should I cash in my old bonds, bought in 1982, and buy new ones for more chance of winning?
Gill said: 'It just goes to show these old bonds still go into the draw each month.