https://www.forbes.com/sites/wadepfau/2019/12/24/understanding-how-bonds-work/#640c2b015a67Understanding How Bonds Work
Forbes
Before we can discuss bonds in depth, it is important that we establish a common understanding of what bonds are and how they work. As a starting point, a bond is a contractual obligation to make a series of specific payments on specific dates. Typically, this includes interest payments made on a semiannual basis until the maturity date and the return of the bond’s face value. Bonds are issued by both governments and private corporations to raise funds, and they are purchased by investors seeking an investment return on their capital.
