98.9k views
3 votes
What is the definition of a friendly bond?

1) Based on mutual liking, trust, and a sense of shared concerns
2) Based on financial investments
3) Based on legal agreements
4) Based on family relationships

1 Answer

5 votes

Final answer:

In the context of personal relationships, a friendly bond is based on mutual liking and shared concerns. In finance, a bond is a contract to repay borrowed money with interest; types include corporate, municipal, state, and treasury bonds.

Step-by-step explanation:

The definition of a friendly bond is one that is based on mutual liking, trust, and a sense of shared concerns. However, in financial terms, a bond is a contract in which a borrower agrees to repay the borrowed amount along with interest over time. Different types of bonds include corporate bonds (issued by firms), municipal bonds (issued by cities), state bonds (by U.S. states), and Treasury bonds (by the federal government through the U.S. Department of the Treasury).

User Wasit Shafi
by
8.3k points