Brady bonds are dollar-denominated bonds, issued mostly by Latin American countries in the late 1980s. The bonds were named after U.S. Treasury Secretary Nicholas Brady, who proposed a novel debt-reduction agreement for developing countries.
Read more about Brady Bonds: History, Types, Current Status
Famous quotes containing the words brady and/or bonds:
“Billy: What did you do when you were little?
Ted: I guess about the same things you do.
Billy: Did you watch The Brady Bunch?”
—Robert Benton (b. 1932)
“In America a woman loses her independence for ever in the bonds of matrimony. While there is less constraint on girls there than anywhere else, a wife submits to stricter obligations. For the former, her father’s house is a home of freedom and pleasure; for the latter, her husband’s is almost a cloister.”
—Alexis de Tocqueville (1805–1859)