The meaning and definition of Bond - A long-term,

The meaning and definition of Bond -
A long-term, interest-bearing debt security that obligates the issuer to pay the security's face value amount on a future date. Issued primarily by governments and corporations. Also called fixed income securities, the issuer typically agrees to pay a specified interest rate at regular intervals until the bond's maturity date. Some bonds can be called, or redeemed, prior to maturity. See also: Callable.