Bonds, Corporate

{
  "id": "MLC-T-FIN-000054",
  "term": "Bonds, Corporate",
  "field": "Finance and investing",
  "definition": "Corporate bonds are bonds issued by companies. Companies issue corporate bonds to raise money for a variety of purposes, such as building a new plant, purchasing equipment, or growing the business.\n\nCorporate bonds are debt obligations of the issuer - the company that issued the bond. With a bond, the company promises to return the face value of the bond, also known as principal, on a specified maturity date. Until that date, the company usually pays you a stated rate of interest, generally semiannually. A corporate bond does not give you an ownership interest in the company - unlike when you purchase the company's stock.",
  "see_also": [
    "Principal"
  ],
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/bonds-corporate/"
}