Question

A(n) _______ is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There are four main types reflecting who the issuers are: , corporate, municipal, and foreign. Each type differs with respect to and expected return. All have some common characteristics even though they may have different contractual features.

Answer 1

Answer:

Bond and Treasury

Explanation:

Bond is the contract which  long term in nature and also a fixed income instrument and state the loan that is made by investor to borrower. It is among the borrower and the lender, which involves the details of the loan and the payments.

The bonds also have a maturity date, which means that at some point the bod issuer have to pay back the money to the investor along with interest.

And there are four kind which reflects who the issuers are treasury, foreign, corporate and municipal.