They're typically originated by banks or investment organizations and come with the expectation that they will be
repaid by a specific date at a certain amount of interest.
Not exact matches
An unsecured promise made
by the borrower to pay interest and
repay the principal at a
specific date.
Each bond represents a promise
by the issuer to pay a certain amount of interest and
repay the full amount of the loan on a
specific date in the future.