Question

what is bond and what is features of bond

Answer 1

J.ust as consumers borrow money for such things as a home or a college education, corporations and governments borrow money to finance the things they require. Corporations and governments need money to build or expand their operation, pay for operational expenses and other costs associated with running an organization. Instead of going to a single lending institution for the money, they have the option of borrowing money from many investors in the form of a bond.
eatures
Set Maturity Dates — bonds have set maturity dates that can range from one to 30 years — short-term bonds (mature in three years or less), intermediate bonds (mature in three to ten years) and long-term bonds (mature in ten years or more)
Interest Payments — bonds typically offer some form of interest payment; however, this depends on their structure: "Fixed Rate Bonds" provide fixed interest payments on a regular schedule for the life of the bond; "Floating Rate Bonds" have variable interest rates that are periodically adjusted; and, "Zero Coupon Bonds" do not pay periodic interest at all, but offer an advantage in that they are can be bought at a discounted price of the face value and can be redeemed at the face value at maturity
Principal Investment Repayment — bond issuers are obligated to repay the full principal amount of a bond in a lump sum when the bond reaches maturity
Credit Ratings — You can evaluate the "default risk" (the risk that the issuers won't be able to make interest or principal payments) of a bond by checking the rating it has been given by a bond rating agency such as Moody's Investors Service or Standard and Poor's
Callable Bonds — If the bond has a "call feature", the issuer is allowed to redeem the bond before its maturity date, repay the loan and thus, stop paying interest on it
Minimum Investment — Bonds are usually issued in $1,000 or $5,000 denominations

Answer 2

Answer:

instead of companies going to for bank loans

they will go for bonds ( An investor loans a sum of money in return for the promise of repayment at the specified maturity date)

because it's more easy and convenient

bond comes under debentures

bonds are debt instruments