WHAT IS BOND

A debt instrument is a certified security or other comparable security that requires the holder to repay the principal and interest in cash, in the form of a specific asset or set of property rights, at the end of the time frame designated by the issuer.. 

A debt instrument is a certified security or other comparable security that requires the holder to repay the principal and interest in cash, in the form of a specific asset or set of property rights, at the end of the time frame designated by the issuer.