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What is a bond?
A bond is a debt .When you buy a bond, you become a lender. When you buy Treasury Bonds you become a lender to the government and the government is the borrower. Equally when you buy a corporate bond you become a lender to the company.
Bonds promise to pay interest or coupon at specific intervals of time during until maturity when they pay the back the original principal plus the last interest payment.
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