Asclepias
Diamond Member
- Aug 3, 2013
- 114,820
- 18,670
bonds
Bonds are essentially monetized versions of our debt.
"Essentially". That's weak. Check out post #432 and you'll understand TK.
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What is a 'Bond'
A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities. Owners of bonds are debtholders, or creditors, of the issuer.
Read more: Bond Definition | Investopedia Bond Definition | Investopedia
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