lost instrument bond


An agreement between the owner of a financial instrument - such as a stock or bond certificate - and the issuing firm to replace said instrument in the event of loss. Part of the agreement requires that the stock or bondholder indemnify the issuing firm should it not be able to replace the financial instrument.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
loss-of-income insurance lost time claims