Bonds are interest bearing and promise to pay the holder a specified sum of money at its maturity plus interest at given intervals. Bonds: An instrument of debt issued by a corporation or government to raise capital.Bank for International Settlements: Headquartered in Basel, Switzerland, it serves as a bank for central banks to foster international monetary and financial cooperation.Asset managers: Financial services companies that invest on behalf of its clients.The three main asset classes are equities (stocks), fixed-income (bonds) and cash equivalents (money market instruments). Asset class: A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same laws and regulations.
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