bond, noun1

Shortened form of mortgage bond.
The usual term for a mortgage. Also attributive. See also kustingbrief.
Used also in Scottish English.
1827 Reports of Commissioners upon Finances at Cape of G.H. II. 103The bank was authorized from these sources to discount at six per cent per annum the vendue rolls,..and private bonds called ‘kustings’.
1994 Style Oct. 31An abnormally huge monthly bond repayment on the triple-storey building.
The usual term for a mortgage. Also attributive.
Hence bond transitive verb, to mortgage (a property); also passive, and transferred sense (of the mortgagor).
1937 C.R. Prance Tante Rebella’s Saga 124Those golden days of backveld trade are gone. The Land Bank took over most of the old bonds, and the new settler is for the most part bonded up to his neck from the start.
1960 J. Cope Tame Ox 26The farm was already bonded, but the lawyer Kalk gave Nico credit to put up a wind-pump and buy sheep.

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