A bond is a (n) : Group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking savers and investors. c) claim to partial ownership of a firm. d) regular payment made to owners of a firm.

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Business

Greer

23 May, 03:35

A bond is a (n) : Group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking savers and investors. c) claim to partial ownership of a firm. d) regular payment made to owners of a firm.

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Brodie Hart · Answer 1

a) legal promise to repay a debt.

Explanation:

A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.

The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.