A debt instrument issued for a period of more than one year with the purpose of raising capital through borrowing is called a(n)

Question

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A bond is a debt instrument that is issued for a period of more than one year, and is used to raise capital through borrowing. An annuity is a financial product used for saving or investing, while a certificate of deposit is a short-term interest-bearing security. Stock represents ownership in a corporation, but is not a debt instrument.

A Debt Instrument Issued for a Period of More Than