# Bond

*Saving & Investing — Finicade finance glossary*

An IOU issued by a government or company: you lend them money, they pay you interest (the coupon) and return the principal at maturity. Bond prices move opposite to interest rates — when rates rise, existing bonds are worth less.

**Related terms:** [Coupon](https://finicade.com/glossary/coupon), [Yield](https://finicade.com/glossary/yield), [Duration](https://finicade.com/glossary/duration), [Interest Rate](https://finicade.com/glossary/interest-rate)

**Taught in:** Money Basics — Stocks & Bonds, Finally Explained

Source: https://finicade.com/glossary/bond