Acompany that issues has a legal obligation to make regular interest payments and to repay the principal amount at a prescribed time.

bonds

Explanation:

Bonds are a financial instruments that represent the loan an investor has given to the company. The company that issues bonds has to pay regular payments to the investor. Bonds are often issued to gain capital and secure growth of the company. Every bond has a defined date by when the principal amount of the loan has to be paid.

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best of luck,

the divergent