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TeachMeFinance.com - explain Joint bond historic definition... Joint bond -- A bond for the payment of the principal and interest on which two (or more) parties are jointly bound. Such a bond is not uncommon in railroad issues. Two railroads may jointly guarantee both principal and interest on bonds issued to acquire a third railroad which is to be owned by the first two in common. 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.