I think that most people who aren’t even involved in investing know what “Bond” mean, but there is more to the term than most beginners might consider or think about. And with that being said let’s get into explain the term.

The whole meaning of a Bond is basically something like a a loan or an IOU which is issued by a corporation, municipality or the U.S. government.

And the whole promises behind bond is to repay the full amount of the loan on the specific date and pay a specified rate of return for the use of the cash to the person who have put in the money at specific time intervals.

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