Answer: Bonds
Bonds are loans to businesses or governments.
Explanation:
Bonds are fixed income instrument which represents loans made to large organizations like corporations, and governments. It is made by an investor and given to the government or businesses. It is a form of borrowing in which a company or government issues a bond and they receive or get a loan in return which must be repaid overtime. Government and businesses are the buyers of bonds and as a result, they are referred to as lenders. Interests on bonds vary as a result of the person that issues them.
