7 Basic things to know about bonds

Financenu22 Feb, 2024Finance

Bonds play a vital part in the world of finance, but understanding them doesn't need to be complicated. Let's break down seven fundamental things you wish to know about bonds in straightforward terms , A bond is like an IOU or a credit. When you purchase a bond, you're loaning cash to a company or government. In return, they guarantee to pay you back the sum you lent, known as the central, along with interest over a specified period.