Definition
Bond, /bɒnd/ (UK), /bɑːnd/ (US), is a fixed-income instrument that represents loans made by investors to borrowers.
Example
A bond functions as I.O.U.s, detailing the terms of the loan, interest payments, and maturity date.
Bond, /bɒnd/ (UK), /bɑːnd/ (US), is a fixed-income instrument that represents loans made by investors to borrowers.
A bond functions as I.O.U.s, detailing the terms of the loan, interest payments, and maturity date.