Commonwealth of Puerto Rico - 1958 dated $1,000 Specimen Bond
Inv# SE2445 Bond
$1,000 3.40% Specimen Bond printed by American Bank Note Co. F.L. Div. Many coupons attached. Puerto Rico, officially the Commonwealth of Puerto Rico, is a Caribbean island, Commonwealth, and unincorporated territory of the United States. It is located in the northeast Caribbean Sea, approximately 1,000 miles (1,600 km) southeast of Miami, Florida, between the Dominican Republic and the U.S. Virgin Islands, and includes the eponymous main island and several smaller islands, such as Mona, Culebra, and Vieques. With roughly 3.2 million residents, it is divided into 78 municipalities, of which the most populous is the capital municipality of San Juan. Spanish and English are the official languages of the executive branch of government, though Spanish predominates. Read more at https://en.wikipedia.org/wiki/Puerto_Rico
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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