Bonds are paper notes bought by an individual backed by a promise by the government to repay the money with interest after a certain period of time.
Bonds available for investments are: 1) US Government Securities / government bonds 2) Municipal bonds 3) Corporate bonds 4) Assets-and-Mortgage backed securities 5) Federal Agency Securities 6) Foreign Government bonds
Bonds are also known as bills, notes, debt-securities, and debt obligations.
