A government bond is a bond issued by a national government, generally promising to pay a certain amount (the face value) on a certain date, as well as periodic interest payments. Bonds are debt investments whereby an investor loans a certain amount of money, for a certain amount of time, with a certain interest rate, to a company or country. Government bonds are usually denominated in the country's own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds, although the term "sovereign bond" may also refer to bonds issued in a country's own currency.
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Famous quotes containing the words government and/or bond:
“... until both employers’ and workers’ groups assume responsibility for chastising their own recalcitrant children, they can vainly bay the moon about “ignorant” and “unfair” public criticism. Moreover, their failure to impose voluntarily upon their own groups codes of decency and honor will result in more and more necessity for government control.”
—Mary Barnett Gilson (1877–?)
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—Charlotte Davis Kasl (20th century)