The term "bond" is synonymous with which of the following?

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A bond is essentially a type of debenture, which is a debt instrument not secured by physical assets or collateral. Bonds are issued by corporations and governments to raise funds. Unlike shares, which represent equity ownership in a company, bonds are considered debt investments. Preferred shares, fractional ownership, and shares represent equity or ownership interests, not debt obligations.

The Term "Bond" Is Synonymous with Which of the Following