> > This is a formal contract to repay borrowed money with interest at fixed intervals.

This is a formal contract to repay borrowed money with interest at fixed intervals.

a. bond c. stock b. merger d. multinational

69 Views

This is a formal contract to repay borrowed money with interest at fixed intervals.

a.
bond c.
stock
b. merger d.
multinational

Answer

A bond is a formal contract to repay borrowed money with interest at fixed interval.
Thus, bond is also the same as loan in which you borrow money and then repay it with certain interests.
Lender is the on one who credit you money, Issuer is the debtor and coupon is the interest.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 22 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 69 views.

Recommended Questions