_____ is a security through which an issuer promises to pay the buyer a certain amount of money by a specified future date.

Question

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A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). The issuer of the bond promises to pay back the principal amount of the loan at a specified time and to make periodic interest payments to the bondholder until that time.

_____ Is a Security Through Which an Issuer Promises to Pay