Public bonds differ from other debt because they are sold to the public rather than to a single investor.

Question

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Public bonds are debt instruments that are sold to the public rather than a single investor. This enables a wide range of investors to participate in purchasing the bonds and providing the necessary capital to fund projects or initiatives. Other types of debt may be sold to banks or private investors, but public bonds are specifically designed for broad public appeal.

Public Bonds Differ from Other Debt Because They Are Sold