A corporation's written pledge to repay a specified amount of money with interest is called a:
Understand the Problem
The question is asking for the term that describes a corporation's written pledge to repay a specified amount of money with interest. This relates to financial instruments and terminology in corporate finance.
Answer
corporate bond.
The final answer is corporate bond.
Answer for screen readers
The final answer is corporate bond.
More Information
A corporate bond represents a formal agreement where a corporation agrees to repay borrowed funds with interest over a set period.
Tips
Confusing a corporate bond with terms like maturity date or face value can lead to incorrect answers.
Sources
- Finance, Chapter 8 - Quia - quia.com
- Solved QUESTION 17 A corporate bond is - Chegg - chegg.com
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