A bond is simply a form of an interest-bearing note.

Name: A bond is simply a form of an interest-bearing note.
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A bond is a type of debt security issued by companies, municipalities, or governments in order to raise capital. It pays periodic interest payments to the bondholder at a fixed or variable rate, and returns the principal to the investor at the maturity of the bond.

A Bond Is Simply a Form of an Interest-Bearing Note