Bond

From Open Risk Manual

Definition

Bond. Fixed-income instrument in which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) and/or to repay the principal at maturity

A Bond is debt issued for a period of more than one year. A bond investor is effectively lending money. The vendor of the bond agrees to repay the principal amount of the loan at a specified time. Interest-bearing bonds pay interest periodically.

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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