Purposes of a Corporate Bond

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Corporate Bond Definition | Investopedia More
Published: 9 years, 4 month(s) ago by Saskia Vlaar | permalink
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A debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations. In some cases, the company's physical assets may be used as collateral for bonds.
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For further reading: http://www.investopedia.com/terms/c/corporatebond.asp ^[1]