In electrical engineering, the process of connecting together metal parts so that they make low resistance electrical contact for direct current and lower frequency alternating currents.
The process of establishing the required degree of electrical continuity between two or more conductive surfaces that are to be joined.
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In finance, a bond is a debtsecurity, that is the issuer owes the holders a debt and is obliged to pay the principal and interest (the coupon), together with other obligations under the term of the issue, such as the obligation to give certain information.
Bonds are generally issued for a fixed term (the maturity) longer than one year.
Bonds and stocks are both securities, but the difference is that stock holders own a part of the issuing company (have an equity stake), whereas bond holders are in essence lenders to the issuer.
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