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4 February, 15:45

A bond is aa. financial intermediary. b. certificate of indebtedness. c. certificate of partial ownership in an enterprise. d. None of the above is correct.

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  1. 4 February, 15:52
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    A bond is a certificate of indebtedness.

    Explanation:

    A bond is a fixed income asset reflecting a loan to a borrower made by an investor. A relationship between the lender and the borrower which includes the details of the loan and its payments could be considered as an I. O. U.

    A certificate of indebtedness is a negotiable instrument for the short term as evidence of a floating debt. A certificate of indebtedness was more of a government I. O. U., promising holders of certificates with a set coupon to return their funds.

    CDs, bond certificates, promissory notes, etc. are all modern forms of certificates of indebtedness.
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