A Bond Is

A bond is:

A) a financial asset that represents partial ownership of a company.
B) a payment made periodically to all shareholders of a company.
C) an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest.
D) a promise by the bond issuer to pay a lump sum at a specified maturity date, and, in some cases, to pay periodic interest at a specific percentage rate.