Bonds are debt-based assets that corporations and companies take out. Here are more details about bonds:
With the help of bonds,  individuals loan money to a government or corporation.
The corporation or government will return the full loan amount to the investor when the bond matures or expires
The investor also receives regular interest payments from the borrower on the amount loaned known as a bond’s coupon payment and is paid annually.
At the time of the full and final return of the money invested, any coupon payments that are due should also be cleared by the borrower.