Wordnet 3.0
NOUN (1)
1.
a bond issued by a corporation;
carries no claim to ownership and pays no dividends but payments to bondholders have priority over payments to stockholders;
- Example: "a corporate bond is a safer investment than common stock in the same company"
WordNet (r) 3.0 (2006):
corporate bond
n 1: a bond issued by a corporation; carries no claim to
ownership and pays no dividends but payments to bondholders
have priority over payments to stockholders; "a corporate
bond is a safer investment than common stock in the same
company"