A bond that is issued where the principal and interest of the bond is guaranteed by someone other than the bond issuer. It limits the impact for bondholders should a situation arise where the bond issuer defaults.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser