Bonds & Interest RatesPromises
A Bond Older Than America
A Dutch water-board bond from 1648 still pays interest to Yale today
In 1648, a Dutch water board signed a promise on goatskin. Everyone involved died centuries ago. Who is it still paying?
You'll find out
- Why a water board borrowed in 1648
- What the goatskin ran out of
- What the bond paid Yale in 2015
Why it matters
A bond is a promise. This one shows how long a promise can last, and what keeping one looks like.
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