Definition: Written promise to repay money furnished a business, with interest, and at some future date. Bond is a long-term obligation. Definition: [crh] Bonds are debt and are issued for a period of more than one year. The US government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending Definition: REF="/?rd=money">money. The seller of the bond agrees to repay the principal amount of the loan at a specified time. Interest-bearing bonds paDefinition: y interest periodically.

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