A bond differs from a share of stock in that a bond:

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A bond has a maturity date, meaning it has a specific time period in which it must be repaid by the issuer. Shares of stock do not have a maturity date. Bonds also typically have guaranteed returns, while stocks do not. Bonds may represent a claim on the firm's assets, but so can stocks. Bonds can have varying degrees of risk, just like stocks, but it is not necessarily true that they have more risk.

A Bond Differs from a Share of Stock in That