A passage with three blanks, followed by five options, each containing one word, is given. Choose the word that can fill all the three blanks.
In finance, a __________ is an instrument of indebtedness of the issuer to the holders. The ___________ is a debt security, under which the issuer owes the holders a debt and is obliged to pay them interest (the coupon) or to repay the principal at a later date, termed the maturity date. Interest is usually payable at fixed intervals (semi- annual, annual, sometimes monthly). Very often it is negotiable, that is, the ownership of the instrument can be transferred in the secondary market. This means that once the transfer agents at the bank medallion stamp the same, it is highly liquid on the secondary market. Thus, a __________ is a form of loan or IOU.
A) Brand B) Stock C) Bond D) Barter
Answers
Answer:
......,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,....................,............,..............