A corporate bond is a corporation's write undertaking that it will refund a specific amount of money plus

Solution (By Examveda Team)

A corporate bond is a corporation's write undertaking that it will refund a specific amount of money plus interest. A corporate bond is a debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations. In some cases, the company's physical assets may be used as collateral for bonds.