# Bond - Legal "contract" to borrow from public markets - Guarantee periodic interest payments (coupon, interest rate) - Guarantee repayment of original sum (principle/face value) in full on a stipulated date (bond maturity date) -- payment not met will - Bearer bond -- who has it gets the money - Interest Rate - Economy - Credit worthiness (Moody's, S&P, Fitch) - Risk ## Issuing - Brought to market through underwriters - Par = issuing price at $1k.