Corporate bond means a senior secured debt obligation issued by a domestic business entity and rated not lower than “AA-” or the equivalent by a nationally recognized investment rating firm. The term does not include a debt obligation that, on conversion, would result in the holder becoming a stockholder or shareholder in the entity, or any affiliate or subsidiary of the entity, that issued the debt obligation, or is an unsecured debt obligation. Gov’t Code 2256.0204(a)
Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;
Ballast water means water with its suspended matter taken on board a ship to control trim, list, draught, stability or stresses of the ship.
Further Bonds means any further Bonds issued pursuant to Condition 18 and consolidated and forming a single series with the then outstanding Bonds.
Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied