what is a bond? a promise by a business to repay borrowed money a share of ownership in a company a type of…
what is a bond? a promise by a business to repay borrowed money a share of ownership in a company a type of insurance policy
Answer
Brief Explanations:
A bond is a debt - security where an entity (like a business) borrows money from investors and promises to repay the principal along with interest. A share of ownership is a stock, not a bond. An insurance policy is for risk - mitigation, not borrowing money like a bond.
Answer:
a promise by a business to repay borrowed money