A security that represents a debt to be paid is known as a(n)

Name: A security that represents a debt to be paid is known as a(n)
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Question

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A bond represents a debt that needs to be paid and is issued by companies or governments. Stocks represent ownership in a company, banks are financial institutions, ratings are evaluations of creditworthiness, and an index is a statistical measure of the performance of a group of stocks or securities.

A Security That Represents a Debt to Be Paid Is