A certificate that you lent money to a government or company
A bond is a certificate issued when a government or a company borrows money. The holder receives fixed interest until maturity, and the face value is repaid on the maturity date. Unlike a stock it does not make you an owner; the return comes mainly from that fixed interest rather than a rise in price. If the issuer cannot pay, both the interest and the face value can be lost.
On a bond with a face value of $10,000 and a 1% coupon, you receive $100 a year and the $10,000 back at maturity.
For learning, not investment advice. Decisions are your own.
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