A ______ is a legally binding promise to make specific future payments.
A) Stock
B) Coupon
C) Bond
D) Deposit

Question

Quizplus · Accepted Answer

A bond is a debt security in which an issuer borrows a certain amount of money, then pays back the borrowed amount over a defined period of time with interest. Bonds are a type of fixed-income security and are commonly used by companies, municipalities, states, and sovereign governments to finance projects and operations.

A ______ Is a Legally Binding Promise to Make Specific