The obligation - the debt certificate, defining interest and declaring when the head needs to pay;

The obligation - the debt certificate, defining interest and declaring when the head needs to pay; the certificate on a stock - the certificate, that the owner - the co-owner in the company, not the creditor of the company, and not having the right to return its money except sale of a stock or finishing of business of the company. The bonds which have been let out by the joint-stock companies and corporations, are really on their resources. Such obligation is usually provided on factory of the company, the privilege, and actives, or some part of it. Corporate bonds can be let out only the consent and a management of shareholders of the company or corporation.