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Bond

Represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations.

Functions of Money - The Economic Lowdown

Functions of Money - The Economic Lowdown Podcast Series, Episode 9

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