A bond represents a contract of indebtedness issued by a corporation that promises payment of a principal amount plus interest a

Question

ollegr [7]

3 years ago

13

A bond represents a contract of indebtedness issued by a corporation that promises payment of a principal amount plus interest a

t a specified future date. false true

Business

1 answer:

ohaa [14] · Answer 1 · 2022-03-23T01:39:02+03:00

<span>The answer to this question is “TRUE”. A bond is just like a loan. However, the main difference is that with loans, the public is borrowing money from a bank or lending source. With Bonds, the company borrows money from the public. Both have interest rates and payment due based on the terms of agreement.</span>