What do you understand by the term “bond”?

QuestionsWhat do you understand by the term “bond”?
Priya Vishwas asked 1 year ago
3 Answers
Nikhil Rawat answered 1 year ago
The term bond can be defined as an agreement between two parties who agree to exchange something of value at a later date. The two parties involved in this agreement are called “borrower” and “lender”. The borrower gives money or other assets to the lender in exchange for a promise that they will be paid back with interest at some point in time. 
Akshaj Singh answered 1 year ago
A bond is a promise to repay a debt.Bonds are often used as collateral to secure loans and if the borrower defaults, the lender can take possession of the property or asset that was used as collateral. A bond is usually a loan agreement between two parties where one party, called the borrower, promises to repay the other party, called the lender, with interest on a set date.  
Deepak Goyal answered 1 year ago
Bond is a type of financial security that is issued by a government or corporation. They are usually issued in order to raise money for public or private purposes. Bonds are securities that represent debt owed to the issuer by the bondholder. The issuer agrees to repay the principal and interest with regular interest payments, typically twice per year.