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Investing Glossary:
Bond
Copyright 2008,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| 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 money. The seller of the Bond agrees to repay the Principal amount of the Loan at a specified time. Interest-bearing Bonds pay Interest periodically.
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