encyclopedia

BOND

An interest-bearing promise to pay a specified sum of money; the principal is due on a specified date.

BONDED RAIL JOINT

A rail joint that uses high-strength adhesives in additional to bolts to hold rails together. The bonded joint may be insulated or noninsulated. On electrified track, it conducts electrical power back to the powerhouse (TRB)

BONUS VALUE

The value of any rental in excess of the rent reserved in the lease, which the tenant could obtain if he or she sublet the premises on the open rental market. It is the difference between the lease rent (contract…