Written, signed, unconditional, and unsecured promise by one party (the maker or promisor) to another (the payee or promisee) that commits the maker to pay a specified sum on demand, or on a fixed or a determinable date. Promissory notes (such as bank or currency notes) are negotiable instruments.
The Basics Of Bond Duration. Duration tells investors the length of time it will take a bond's cash flows to repay the investor the price he or she paid for the bond. A bond's duration is stated as a number of years and ...
1 What is bond duration, why is it so important and why could aâ¦. 2  Chemistry Basics: Ionic Bonds Definition It is impossible to fully understand chemical reactions and the chemistry on the molecular level without grasping the basic concepts and definitions.hare to: 1  Ahead of the Curve: Bond Yields Explained A bond yield is the percentage return an investor can expect to get from a bond issue in a specific period of time.