Which of the following terms refers to a certificate of indebtedness that specifies the obligations of the borrower to the holder?
A)bond
B)stock
C)mutual fund
D)savings plan

Question

Quizplus · Accepted Answer

A bond is a type of financial instrument that represents a loan made by an investor to a borrower, usually a corporation or government entity. The bond specifies the conditions of the loan, including the amount borrowed, the interest rate, and the repayment schedule. The borrower is obligated to repay the loan to the holder (the investor) according to the terms specified in the bond.

Which of the Following Terms Refers to a Certificate of Indebtedness