A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)

Question

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The legal claim described in the question is that of a bond. A bond is a form of fixed-income security whereby the issuer (e.g. a government or corporation) borrows money from investors and agrees to make regular interest payments (the fixed annual payments) until the bond matures, at which point the investor receives their initial investment back as a lump sum payment. Equity shares represent ownership in a company, stocks and bonds are different types of securities issued by companies or governments, and debit is a financial term that refers to an entry on the left side of a Ledger Account.

A Legal Claim Entitling the Owner of the Claim to Fixed