A debt instrument indicating that a corporation has borrowed a certain amount of money and promises to repay it in the future under clearly defined terms is called a(n) ________.

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A corporate bond is a debt instrument used by corporations to borrow money for a specific period of time, typically ranging from a few years to several decades. The terms of repayment, including the amount borrowed, interest rate, and repayment schedule, are outlined in the bond indenture, which is a legally binding agreement between the borrower (the corporation) and the lender (the bondholder). Preferred and common stock represent ownership in a company, whereas corporate bonds represent the issuer's indebtedness to its bondholders.

A Debt Instrument Indicating That a Corporation Has Borrowed a Certain