A bond is a financial contract where a borrower repays a borrowed amount with interest over time, issued by different entities such as corporate, municipal, state, and Treasury entities.
A bond is a financial contract where a borrower agrees to repay the borrowed amount with interest over time. Various types of bonds exist, such as corporate bonds, municipal bonds, state bonds, and Treasury bonds, issued by different entities. The return on a bond includes compensation for delaying consumption, adjustment for inflation, and a risk premium based on the borrower's riskiness.
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