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)
“For, truly speaking, whoever provokes me to a good act or thought has given me a pledge of his fidelity to virtue,—he has come under the bonds to adhere to that cause to which we are jointly attached.”
—Ralph Waldo Emerson (1803–1882)