Bonds are interest-bearing certificates issued by the Federal government, State governments, corporations, and more. The proceeds generated from issuing bonds are typically used to fund large-scale infrastructure projects, such as roads, bridges, and schools in the case of government bonds, or to refinance existing obligations. Owning bonds means you are now a creditor because you have essentially loaned money to a government agency or company.

• How Bonds Work
• How Bonds Serve Investors
• Types of Bonds