oliveswan185Lv1
28 Oct 2021
Problem 2
Page 423
Section SELF: CHECK QUESTIONS
Chapter 17: Financial Markets
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28 Oct 2021
Introduction
A bond is a fixed-income product that represents the obligation of an investment to a lender (typically corporate or governmental). A bond may be compared to a promissory note among borrowers and lenders that details the loan’s terms and installments. Businesses, towns, governments, and sovereign nations utilize bonds to fund their ambitions and operations. Bondholders are the debtors, or creditors, of the entity.
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