Bond is like a certificate, shows that certificate holder lend money to the issuer of that certificate. Private companies as well Government collect money from public, by issuing bond certificate. It has a specific time limit to be mature and fixed interest rate.
Different types of Bond:
Coupon Bond:
Secured Bond:
Callable Bond:
Registered Bond:
Unsecured Bond:
Term Bond:
Convertible Bond:
Bearer Bond:
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