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What is the difference between a bond and a security?

Updated: 9/28/2023
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JosephMcKenzie

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11y ago

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A bond in this context is issued by a surety company and is a form of guarantee. Security can take the form of a cash deposit, an Irrevocable Letter of Credit or a surety bond.

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Q: What is the difference between a bond and a security?
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