Saturday, May 30, 2020
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A kind of loan you make to the government or a company. They use the money to run their operations. In turn, you get back a set amount of interest once or twice a year. If you hold bonds until the maturity date, you will get all your money back as well. Or, you can sell them early through a stockbroker. If you sell early and bond prices are up, you will make money. If prices are down, you will lose money.