A document that promises to pay specified sums of money on specified dates and is a debt to the issuer is called
A) net investment.
B) depreciation.
C) gross investment.
D) a stock.
E) a bond.

Question

Quizplus · Accepted Answer

A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date.

A Document That Promises to Pay Specified Sums of Money