A long-term contract under which a borrower which a borrower agrees to make payments of interest and principal on specific dates to its holder is called:

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A bond is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates to its holder. Loans, mortgages, and credit may also involve payments of interest and principal, but they typically do not have the specific dates and terms that are included in a bond agreement.

A Long-Term Contract Under Which a Borrower Which a Borrower