Bonds and Notes are two types of debt instruments and used interchangeably that are written agreements between a company and lender defining the amount of money and expected to be paid back including interest over time.
Reference Definition by OECD: Bonds and Notes are debt instruments that usually give the holder the unconditional right to fixed money income or contractually determined variable money income. With the exception of perpetual bonds, bonds and notes also provide the holder with an unconditional right to a fixed sum as repayment of principal on a specified date or dates.
Related Definitions in the Project: The Bond and Insurance; Commercial Definitions
