Fixed Interest Investments, or Gilts
and Bonds are financial instruments that pay a fixed income
from a fixed capital sum. They are mainly issued by governments
and large corporations as a means of borrowing money on the international
markets.
Government and corporate bonds can be purchased
through banks or stock brokers. Their return is called a "coupon"
and is normally payable annually, on the anniversary date of issue.
Insurance companies offer similar facilities, such as annuities
and income bonds.
