Corporate bond
Bond issued by a corporation / From Wikipedia, the free encyclopedia
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A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, mergers & acquisitions, or to expand business.[1] It is a longer-term debt instrument indicating that a corporation has borrowed a certain amount of money and promises to repay it in the future under specific terms[2]. Corporate debt instruments with maturity shorter than one year are referred to as commercial paper.
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