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TeachMeFinance.com - explain Drawn bond historic definition... Drawn bond -- One drawn for redemption, that is, for payment. Such a bond belongs to an issue a certain amount of which (so many bonds ) is drawn for redemption at stated intervals. A drawing takes place and the bonds bearing the numbers drawn are redeemed. The numbers are drawn by a disinterested person from a box, basket or other receptacle. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.