A _____ is a formal IOU issued by a corporation or government entity.

Name: A _____ is a formal IOU issued by a corporation or government entity.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Bonds are a formal IOU issued by a corporation or government entity, representing a loan that the entity has taken out and agreed to pay back with interest. Liens are a legal claim on assets as collateral for a debt, stock certificates represent ownership in a corporation, and coupons are interest payments made to bondholders.

A _____ Is a Formal IOU Issued by a Corporation