Bond
A Bond is a certificate of debt that is provided by a private company or government agency which runs for longer than one year. A Bond indicates the requirement to pay interest and pay back principal of a loan, with the purpose of raising capital by borrowing. There are Bonds which do not require the payment of interest, but all bonds do require the repayment of principal. The buyer/investor of a Bond is the creditor of the Bond issuer, but unlike with equities the Bond buyer does not claim any right of ownership.
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