A bond represents a long-term debt obligation of a corporation or government.

Name: A bond represents a long-term debt obligation of a corporation or government.
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Question

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A bond is a type of investment in which an investor lends money to a corporation or government in exchange for periodic interest payments and the return of the principal at maturity. Bonds typically have maturities ranging from 1 to 30 years, and are considered a long-term debt obligation of the issuer.

A Bond Represents a Long-Term Debt Obligation of a Corporation