A bond is a debt security that represents a loan made by an investor to a borrower, typically a government or a corporation. When you purchase a bond, you are essentially lending money to the issuer in exchange for periodic interest payments and the return of the principal amount at maturity. Bonds are considered fixed-income securities because they pay a fixed amount of interest over a specified period. Some key features of bonds:Face Value (Par Value): The face value, or par value, is the n...