A bond is a albatross security issued by assertive institutions such as Debt Consolidation Loan companies and governments. A bond entitles the holder to repayment of the principal sum, surplus interest. Bonds are issued to investors in a marketplace when an institution wishes to borrow money.

Often the coterie maintains a characteristic diversion in the trust which is called an "interest only strip" or "first destruction piece". Any payments from the trust must be made to regular investors in precedence to this interest. This protects investors from a division of risk, making the securitization more attractive. The aforementioned brings into investigation whether the assets are truly off-balance-sheet given the company's exposure to losses on this interest.