A bond is a fixed-income security that has a coupon payment attached to it which is paid by the bond issuer annually or as per the conditions set at the time of issuance. These are the types of bonds:
* Corporate Bond, which is issued by the corporations.
* Supra-National Bond is issued by super-national entities like the IMF and World Bank.
* Sovereign National Bond is a bond issued by the government of the country.