A(n) is a financial instrument that obligates a borrower to repay money with interest to a lender (which may be a government municipality or corporation).
Question
A(n) is a financial instrument that obligates a borrower to repay money with interest to a lender (which may be a government municipality or corporation).
Solution
A bond is a financial instrument that obligates a borrower to repay money with interest to a lender (which may be a government municipality or corporation).
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