What is a bond?
Posted by Interest Rates Today on 04/20/08 in Glossary, Safe Investments
A bond is defined as an interest-bearing certificate issued by a government or business, promising to pay the holder a specified sum on a specified date. Common wisdom says bonds are a safe haven from stock market turmoil. Does that mean you should buy bonds if that turmoil comes from recession or inflation? Complicating the [...]
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