Bonds are a form of interest-bearing notes payable.

Name: Bonds are a form of interest-bearing notes payable.
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

Bonds are a type of debt securities that investors can purchase from corporations, municipalities, and governments. They typically pay periodic interest to the bondholder until maturity, when the principal is then paid back. This interest makes them an interest-bearing note payable.

Bonds Are a Form of Interest-Bearing Notes Payable