A bond is a debt security, similar to an I.O.U.
When you purchase a bond, you are lending
money to a government, municipality,
corporation, federal agency or other entity
known as an issuer.* In return for that money,
the issuer provides you with a bond in which it
promises to pay a specified rate of interest
during the life of the bond and to repay the face
value of the bond (the principal) when it
matures, or comes due..

micklplus:

Nice point !!! You be correct guy.

I second y۵u ᴯ۵ss