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	~~[[File:Bond certificate.jpg\|thumb\|A bond certificate with [[coupon]]s on the right]]~~
	A [[bond]] (also called a “[[note]]”, “[[MTN]]” or a “[[debt security]]”) is a form of [[loan]]. It is like an [[IOU]] from a company or a government. Instead of taking one big [[loan]] from a [[bank]], a company issues lots of little loans, in the form of bonds to investors. To buy a bond is to lend money to the issuing company, who must repay that money by “redeeming” the bond its stated [[maturity date]]. In the good old days, [[bond]]s were security-printed certificates with the loan [[terms and conditions]] printed on them.		A [[bond]] (also called a “[[note]]”, “[[MTN]]” or a “[[debt security]]”) is a form of [[loan]]. It is like an [[IOU]] from a company or a government. Instead of taking one big [[loan]] from a [[bank]], a company issues lots of little loans, in the form of bonds to investors. To buy a bond is to lend money to the issuing company, who must repay that money by “redeeming” the bond its stated [[maturity date]]. In the good old days, [[bond]]s were security-printed certificates with the loan [[terms and conditions]] printed on them.