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

Question

Quizplus · Accepted Answer

The definition provided matches that of a bond. A stock represents ownership in a company, net and gross investment refer to the level of investment after accounting for depreciation, and depreciation is the decrease in value of an asset over time.

A Document That Promises to Pay Specified Sums of Money