Kentucky Union Railway

Price: $150.00
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Manufacturer Description

$1,000 Railroad Bond. Was payable in gold. Uncanceled. Great eagle vignette at bottom center of bond! A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

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