The annual rate of return including compounding of interest. ATMs are accessible 24 hours a day. A debt instrument, issued for a period of at least one year that pays a fixed rate of interest for a specific period. A bond is an IOU from a corporation or government entity. Corporations and governments borrow money from investors by issuing bonds.
Bonds represent debt, as opposed to stocks, which represent ownership in a company.
Usually, the principal is repaid at the maturity date. An instrument used to guarantee funds are available. There is usually a fee associated with cashier's checks. The institution responsible for managing the country's money and banking system. In the United States, the central bank is the Federal Reserve.