The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

FLAT BOND Definition & Legal Meaning

Definition & Citations:

A bond sold with no interest because none is due, the issuer is in default while interest is due, or its pay date is the same as settlement date. They are flat bonds.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.