NextPrevious

Bonds

The Basics

Is a bond like an IOU?

Yes. A bond is an IOU, with the added advantage that you receive interest on the IOU, as well as the original amount you loaned.



Close

This is a web preview of the "The Handy Investing Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App