™For a $1,000 bond, even a small change connected to bond can affect income, market value or sensitivity to rates.
Bonds & Rates
Bond
A debt security representing money lent to an issuer under stated terms.
Plain-English context
Why it matters
Fixed-income terms connect promised cash flows with interest-rate, credit and purchasing-power risk.
Assuming Bond has one universal interpretation without checking the source, rules, timeframe or methodology.
Use current definitions. Product terms, tax treatment and market rules can change. Confirm important details with official disclosures, regulators and regulated providers.