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Bond
Explanation:
A type of investment that involves an investor loaning money to a company or government entity at a specified interest rate and for a defined period of time. Bond interest rates are based on the credit standing of the issuer and the time until maturity (i.e. when repayment must be made).
Entities, such as the US government, typically issue bonds so as to increase their liquidity in order to fund special projects and initiatives. Bonds tend to vary in length from 90 days to 30 years.
Bonds are considered one of the three primary types of assets, along with stocks and cash.