bonded debt

**bonded debt**

Bonded debt refers to the amount of money a government or organization borrows through the issuance of bonds. These bonds are formal instruments of indebtedness that obligate the issuer to repay the principal amount along with interest to bondholders over a specified period. Bonded debt is commonly used by municipalities, states, and corporations to finance large projects such as infrastructure, public buildings, or expansions. It is a key term in finance, public administration, and investment discussions, often associated with long-term funding strategies and creditworthiness.