Is a negotiable certificate evidencing indebtedness?

Asked by Alijah Roberson

A negotiable certificate evidencing indebtedness –a debt security or IOU, issued by a company, municipality or government agency. A bond investor lends money to the issuer and, in exchange, the issuer promises to repay the loan amount on a specified maturity date.

Dwyane Johnson, BA Contributor
Dwyane Johnson
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