I can help with that! Here's a clear and concise answer to your question:
A bond is a long-term debt security issued by government agencies and corporations.
Explanation:
1. Bonds are debt securities that represent a loan made by an investor to a borrower, which can be a government agency or a corporation.
2. Bonds have a fixed interest rate and a specified maturity date when the principal amount must be repaid to the bondholder.
3. They are considered long-term investments because their maturity period typically ranges from a few years to several decades.
4. Bonds can be issued by both government agencies, such as treasury bonds, and corporations, such as corporate bonds, to raise funds for various purposes.
In summary, a bond is a financial instrument that represents a long-term debt obligation issued by government agencies and corporations to raise capital.
