The San Francisco 49ers have agreed to terms with Jim Tomsula to become the 19th head coach in San Francisco 49ers history. âAfter conducting a thorough coaching search, and meeting with a number of outstanding candidates, Jim Tomsula clearly is the right man to lead this team,â said 49ers CEO Jed York. âJim is a great teacher and a tremendous mentor who conducts himself with great class and integrity.â.
Economic Definition of bond. Offline Version: PDF. Term bond Definition: The general term for a long-term loan in which a borrower agrees to pay a lender an interest rate (usually fixed) over the length of the loan and then repay the principal at the date of maturity.
Thus, a bond is a form of loan or IOU: the holder of the bond is the lender (creditor), the issuer of the bond is the borrower (debtor), and the coupon is the interest. Bonds provide the borrower with external funds to finance long-term investments, or, in the case of government bonds, to finance current expenditure.