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Let's delve into the world of debt investments, where an investor lends money to a company or government for a predetermined period, with a fixed interest rate. This type of investment is known as a bond, and it allows the borrower to raise capital for various purposes while providing a steady stream of income for the investor. Bonds come in various forms, including corporate, municipal, and government bonds, each with its unique features and risks. As a knowledgeable investor, it's essential to understand the intricacies of these debt instruments to make informed decisions and maximize your returns.