chapter  2
4 Pages

Municipal Bonds

There are many kinds of bonds in the dictionary. A bond is something that holds things together, like bonds of affection or matrimony, or bonds of steel. In insurance, you have surety bonds, which is money that will be paid if someone doesn’t do what he’s supposed to do. In the criminal justice system, there are bail bonds, which, like a surety bond, refer to money that will be paid if someone doesn’t do something he’s supposed to, which, in this case, refers to showing up in court.