أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
It is a collateral on a loan. A agreement which states that ownership of a specific asset would be transferred to the holder if the principal does a default on repayment of loan.
Banks issue the bond to justify and give surety that the principal shall pay the loan and in case of default bank will give away the defined asset or the loan.
