Bond

A bond is a security financial product that represents a promise by a borrower to pay a lender their principal and periodic interest (called a coupon) on a loan.

References

  1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625.
  2. Varoufakis, Yanis. Foundations of economics: A beginner's companion. Routledge, 2002.
  3. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
  4. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.
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