A contract that promises to pay a given amount of money to the owner of a security at specific dates in the future is known as

Question

Quizplus · Accepted Answer

A debt security is a type of financial instrument that promises to pay a fixed amount of money in the future to the owner of the security. This fixed amount can be in the form of interest payments or principal repayments. Examples of debt securities include bonds, notes, and bills. Choices B, C, and D are incorrect because they do not specifically refer to a contract that promises to pay a specific amount of money in the future.

A Contract That Promises to Pay a Given Amount of Money