A bond is an asset of the holder.

Name: A bond is an asset of the holder.
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Question

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A bond is considered an asset of the holder because it represents a promise by the issuer (typically a corporation or government) to repay the amount borrowed (the principal) plus interest to the bondholder. This promise has value and can be bought, held, sold or traded, making it an asset for the holder.

A Bond Is an Asset of the Holder