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Noun
Any
type
of
investment
under
which
the
borrower
/
issuer
is
obliged
to
make
payments
of
a
fixed
amount
on
a
fixed
schedule
.
Broadly
,
such
investments
tend
to
be
bonds
and
are
not
stocks
.
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Rejected by Y-Combinator. Definitions by Wiktionary.

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