A bond with a par value of less than $1000.

Bonds whose par values are less than $1,000 are often described as baby bonds, or, in the case of municipal bonds, as mini-munis. Small companies that may not be able to attract institutional investors, such as banks and mutual fund companies, may offer baby bonds to raise cash from individual investors. Some municipalities also use baby bonds to f [..]

see bond

Children's bonus bonds, often nicknamed baby bonds, are friendly society policies allowing tax-free.

One sold at face amount less than $1,000 to make it attractive to smaller investors.

A bond with a face value smaller than $1,000.