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What is bond?
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Asked 3/8/2008 12:32:57 PM
Updated 4/10/2015 4:08:01 AM
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Edited by yumdrea [4/10/2015 4:08:01 AM]
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A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.
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Added 4/10/2015 2:51:52 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [4/10/2015 4:08:03 AM]
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