Debt instrument, such as a bond, note or bill, issued by governments and corporations. The investment buyer is essentially making a loan to the issuer. The issuer is obligated to repay the purchase amount on the date the instrument comes due (maturity date), and must pay a pre-determined interest rate either during the course of the agreement or when the investment reaches maturity.
Investments that pay a fixed amount of interest, such as bonds, cash deposits and other debt based instruments.
An investment representing a debt of the issuer to investors. Fixed-income investments include investment-grade government and corporate bonds, high-yield bonds and cash equivalents.