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Bond
A debt instrument issued for a period of more than one year with the purpose of raising capital. They are issued by the Federal Government, states, cities, corporations, and many other types of institutions. A bond is generally a promise to repay the principal along with interest on a specified date (maturity).
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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