Like a loan, a bond typically has a fixed interest rate ... to their face value and pay the full face value at maturity. The difference between the purchase price and the face value represents ...

A personal loan and personal line of credit are both forms of credit you may consider turning to. And while they may sound like the same thing, they actually have some very important differences.

In simple terms, a bond as an instrument represents a loan given by the investor to the bond instrument issuer. It is a debt for which a return is promised, either at a variable or fixed rate.